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6:17 am, May 22, 2015

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Search Tags:  A-123

OMB plays data matchmaker to combat rise in improper payments

David Mader, OMB controller, said the administration will target specific agencies with new technology to access more data to combat this long-standing challenge. GAO reported Feb. 26 that the governmentwide improper payment rate was 4.02 percent, meaning agencies misspent almost $125 billion in 2014.

Tags: management , OMB , Dave Mader , Improper payments , Risk management , GAO , financial management , Do Not Pay list , Jason Miller , exclusive

Wednesday - 03/11/2015, 03:41am EDT
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Census Bureau offers primer on enterprise risk management

The people-counting agency has learned from some big mistakes. Now, Chief Operating Officer Nancy Potok shares some lessons with Federal News Radio.

Tags: Census Bureau , Nancy Potok , enterprise risk management , Risk management , Emily Kopp ,

Tuesday - 03/10/2015, 04:02pm EDT
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OMB's A-123 rewrite to flip risk management on its head

Mike Wetklow, an Office of Management and Budget official, said the expected changes to Circular A-123 will ask agencies to view risk management in a different way.

Tags: management , OMB , Mike Wetklow , Commerce Department , Tim Soltis , Education Department , enterprise risk management , AGA , Emily Kopp , Karen Hardy

Wednesday - 02/11/2015, 05:21pm EST

From 500 to 70, OMB reduces number of financial system requirements

The Office of Management and Budget rescinds CircularA-127 and issues new guidance to simplify financial system requirements. The goal is to improve quality, utility and the reliability of federal financial information.

Tags: financial management , OMB , Norman Dong , A-127 , Shared services , Jason Miller , exclusive

Thursday - 10/24/2013, 03:57am EDT
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OMB following a familiar path as it shapes new financial internal controls

The Office of Federal Financial Management is updating Circular A-123 to focus on risk management and data-driven decision-making. OFFM also plans on rescinding the financial systems requirements circular, A-127, in the coming weeks.

Tags: management , financial management , internal controls , A-127 , OMB , Mike Wetklow , Treasury , David Saltiel , Flavio Menasce , Improper payments , Do Not Pay portal , Association of Government Accountants

Wednesday - 09/18/2013, 05:44am EDT
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