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The Office of Management and Budget wants to expand the use of Extensible Business Reporting Language to expand access to structured data. However, the technology to ensure widespread adoption still has a way to go. But two pilots with industry shows it can be done.
The head of the Office of Management and Budget's Office of Federal Financial Management said the federal audit community has a powerful new tool to battle improper payments and fraud. Danny Werfel said for most citizens, battling improper payments may even trump the accounting community's holy grail of a clean audit opinion.
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A government accounting industry group spearheads development of a breakthrough in converting audit records from one proprietary format to another making the data searchable and easier to analyze. The new technique will make it possible for databases of information previously untouchable by contemporary software techniques to be mined and analyzed for new information on federal government grant spending.
President Obama has said publicly that he is a big fan of performance management, and wants to blend its practice into the day-to-day operation of the Federal Government. But what does that mean for feds who are tasked with actually making the wheels of government turn every day? The Association of Government Accountants convened a conference to discuss performance in government.
Tags: management , Department of Transportation , Linda Washington , OPM , CHCO Council , Al Reynolds , Treasury Department , CFO Council , Mike Duffy , CIO Council , Rich Beck , Department of the Interior , Performance Improvement Council , President Obama , Max Cacas
The Obama Administration is mapping out its plans for significant changes in federal financial management. Yesterday morning, the White House's top financial manager outlined those plans for his government colleagues in an appearance at the Willard Hotel.
AGA's National Leadership Conference brings together a stellar lineup of respected government financial management and accountability leaders to share valuable insight, proven strategies, lessons learned, and discuss the newest management techniques and the most recent information on always-changing standards and regulations.
"The HUD OIG helped craft into legislation last year a penalty of up to 30 years in prison and $1 million in fines for committing FHA fraud," said Inspector General of the Department of Housing and Urban Development Kenneth M. Donohue. "The OIG, working with U.S. Attorneys across the country, will endeavor to use these new penalties to prevent and confront fraudulent activities. We will use any means at our disposal, whether criminal, civil or administrative, to stop those who are impacting the soundness of HUD's FHA program at such a critical time."
A view of the President's recovery effort from the Government Accountability Office (GAO), the independent auditing arm of Congress.