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Federal controller Danny Werfel to issue new guidance on measuring and fixing improper payments this week. OMB also is planning two pilot programs to improve how agencies receive and process vendor invoices, and to enhance intragovernmental transactions. Werfel also says the approach to financial management shared services is changing.
Tags: management , technology , Danny Werfel , OMB , Treasury , GSA , Association of Government Accountants , financial management , improper payments , Financial Systems Integration Office , shared service providers , CFO , Intragovernmental transactions ,
Officials in the federal financial management community are continuing to watch for progress in the adoption of XBRL -- Extensible Business Reporting Language -- in financial management systems in the government. XBRL allows for the management and presentation of large "datasets" of financial and economic data on the World Wide Web.
One of the hottest trends in the government is the rise of the "dashboard". White House officials tout the success of the "IT Dashboard", for example, in helping identify ineffective IT programs at the Department of Veterans Affairs. Several members of the federal accounting community recently offered their thoughts about the new dashboards.
One of the biggest complaints about the federal economic stimulus bill signed into law by President Obama a year ago was that it burdened states with onerous financial reporting requirements to account for spending on local stimulus projects. But now, in an exclusive interview with Federal News Radio, the Comptroller for the Commonwealth of Massachusetts has kudos for federal officials who are working with states to track stimulus spending.
AGA President Relmond Van Daniker joined the Federal Drive with Tom Temin and Amy Morris to discuss the conference, the intersection of fraud and technology and how federal managers can also benefit from better fraud-detection efforts.