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Search Tags: Association of Government Accountants
In part 3 of our special report, Shared Services Revisited, Federal News Radio explores the administration's plans to ensure success in consolidating and standardizing financial systems this time around. Beth Angerman, director of Treasury's Office of Financial Innovation and Transformation (OFIT), said the goal is creating a repeatable, sustainable process for agencies to move to federal financial management providers. Over the next six months, Treasury and OMB must answer many of the outstanding questions about how this initiative will truly work.
The entire military must pass a financial audit by 2017, and the military services have made slow, uneven progress toward that goal. The Pentagon plans to conduct a partial audit of the entire department next year to identify weaknesses and areas in which it should focus its energy.
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.
Agency leaders take steps to show they're serious about employee fraud. Too often, they're relying on the inspector general's office to detect corruption.
A forthcoming report by the Association of Government Accountants outlines how federal agencies can best use data analytics to spot trends, problems in operations or evidence of fraud.
The Association of Government Accountants is calling on the government to change how it finds and hires chief operating officers. AGA said better hires should lead to better program performance. And despite finding a number of shortcomings, AGA said performance improvement is working across the government.
Tags: management , technology , Danny Werfel , OMB , Treasury , GSA , financial management , improper payments , Financial Systems Integration Office , shared service providers , CFO , Intragovernmental transactions , AGA