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CFOs relying more on data, managing risk to find budget efficiencies
A new Federal News Radio survey finds agency financial managers have moved up to the next level and are using information and performance metrics to inform their decision making. Respondents say they are finding ways to use data to find efficiencies. Workforce training, retaining and hiring are among their top priorities. The survey is part of Federal News Radio's special report, Rise of the Money People.
Tags: exclusive , Rise of the Money People , management , financial management , sequestration , performance measurement , data analytics , Jason Miller
Tough budget times lead to Golden Age for the CFO
Federal finance may conjure up images of dull reports and boring people toiling away on spreadsheets. If that's what comes to mind, it may be time to revise your thinking. Doug Criscitello and Jeff Steinhoff, two former federal financial executives, spoke with Federal News Radio about the evolving workforce as part of our special report, Rise of the Money People.
Tags: Rise of the Money People , Doug Criscitello , Jeff Steinhoff , finance , workforce , financial management , Federal Drive , In Depth
DoD makes slow progress towards clean 2017 audit
Mark Easton, DoD's deputy chief financial officer, says the challenges toward a clean audit are significant but the Pentagon is still optimistic.
Tags: Mark Easton , DoD , audit , clean audit , Rise of the Money People , On DoD
Three steps to make it out of the impenetrable (financial) fog
President Thomas Jefferson spoke of the impenetrable financial fog the federal government found itself under in 1802. Unfortunately, some things never change. Former Labor Department CFO Sam Mok says there are three steps the new director of the Office of Management and Budget should take to begin making a difference in this arena. Mok's column is part of Federal News Radio's special report, Rise of the Money People.
Tags: Sam Mok , financial management , Rise of the Money People , OMB , managment , budget ,
Federal agencies owe the IRS at least $28M in fees
The Treasury Inspector General for Tax Administration evaluated six random reimbursable agreements IRS made with agencies and found a lot of money went uncollected.
Tags: Financial Management Service , TIGTA , Russell George , IRS , Pamela LaRue , oversight , best practices , Keith BieryGolick , financial management
DoD's audit goals achievable, Congressional inquiry finds
A special House panel finds DoD's audit plan is credible, but successful implementation will depend on commitment of Defense components and future leaders.
Tags: DoD , Congress , House Armed Services Committee , management , financial management , auditability , CFO Act , Robert Hale , Mike Conaway , Adam Smith , financial improvement and readiness plan , statement of budgetary resources , Senior Executives Service , workforce , budget , Jared Serbu , DoD Report
CFOs preparing for budget burdens
Thad Juszczak is director in Grant Thornton's Global Public Sector practice.
Tags: Thad Juszczak , Grant Thornton , budget , management , In Depth
Controller at OMB, Danny Werfel, calls improper payments biggest government problem
Tags: management , technology , Danny Werfel , OMB , Treasury , GSA , Association of Government Accountants , financial management , improper payments , Financial Systems Integration Office , shared service providers , Intragovernmental transactions , AGA
OMB to hold senior officials more accountable for government waste
President Obama will issue an executive order in the next week detailing steps agencies must take to reduce the amount of improper payments. OMB will set up a new online dashboard to track these expenditures, similar to the one for IT projects. Executive order also will implement stricter requirements for contractors to report overpayments.
Tags: management , Peter Orszag , Daniel Werfel , Tom Carper , Patrick Murphy , OMB , HHS , improper payments , Medicare , Recovery audits , Agriculture , Defense , Education , DHS , DOT , VA
