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Search Tags:  CFO Act

CFOs exercise new muscle to impact agency performance

Nearly 23 years after the seminal CFO Act became law, agencies have met its spirit and intent, experts say. CFOs today quickly are becoming more than just number crunchers. They are now masters of data analytics aimed at improving agencies' missions.

Tags: management , financial management , Rise of the Money People , Danny Werfel , Joe DioGuardi , Ed Mazur , Chief Financial Officers , OMB , Jason Miller

Monday - 04/08/2013, 02:53am EDT
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Timeline: The Evolution of Financial Management in the Federal Government

Building on the foundation of the Accounting and Auditing Act of 1950, Congress has increased the oversight and transparency of government spending over the years.

Tags: Rise of the Money People , financial management , timeline , accounting , audits , Michael OConnell

Monday - 04/08/2013, 02:00am EDT

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 , Robert Hale , Mike Conaway , Adam Smith , financial improvement and readiness plan , statement of budgetary resources , Senior Executives Service , workforce , budget , Jared Serbu , DoD Report

Wednesday - 01/25/2012, 06:26am EST
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Federal financial report is in, but GAO offers no opinion

Robert Dacey, the Government Accountability Office's chief accountant, breaks down the reasons why GAO was unable to render an opinion on the federal government's consolidated financial report.

Tags: Roberty Dacey , GAO , Treasury , financial accountability , financial reporting , Federal Drive , DoD , Michael OConnell , OMB

Friday - 01/06/2012, 06:09pm EST
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Rep. Cuellar pushing for performance based budgeting

Texas Democrat's bill would modernize how the government appropriates, measures funding. Agency progress with financial management oversight improves slightly, but still no consolidated audit opinion.

Tags: mngt , Henry Cuellar , Diana Watson , Gene Dodaro , Richard Gregg , DHS , DoD , NASA , House Oversight and Government Reform Committee , GAO , Treasury , Army Corps of Engineers , financial management , audit opinion , Performance based budgeting

Monday - 10/17/2011, 01:08pm EDT
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Forward-looking approach needed to reduce improper payments

Alvin Tucker of the American Society of Military Comptrollers explains the challenges to reform financial management.

Tags: In Depth , Francis Rose , financial management , IT , technology , improper payment , Alvin Tucker , DoD , accountability , management

Thursday - 12/23/2010, 05:14pm EST
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Werfel focuses on financial IT deployment

OMB controller understands why average citizens are simply not interested in the typical agency financial statement.

Tags: In Depth , Francis Rose , management , AICPA , OMB , Danny Werfel , improper payments , financial management

Wednesday - 08/18/2010, 05:25pm EDT
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OMB's Werfel sees major changes coming

The federal government's top accountant says it's time for agencies to transform the way they report on their financial health. It all starts with citizens demanding to know how their tax dollars are being spent.

Tags: management , AICPA , OMB , Danny Werfel , GAO , Jeanette Franzel , improper payments , financial management , Max Cacas

Wednesday - 08/18/2010, 07:27am EDT
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