Search Tags:  Danny Werfel

How agencies cut $18B in improper payments

The White House says federal agencies stopped nearly $18 billion in improper payments in fiscal 2011. Danny Werfel, controller at OMB, explained how agencies did it.

Tags: OMB , In Depth , improper payments , financial management

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CFOs, CAOs get 2012 marching orders to cut service contracts

OMB details the 12 product service codes and specific steps agencies must take over the next year to cut 15 percent of their management service contracts next year. Agencies spent $44 billion on these contracts in 2011.

Tags: acquisition , Dan Gordon , OFPP , OMB , management service contracts , AcqStat sessions , acquisition policy , contracting , industry , Jason Miller

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OMB, Congress to put grant-making process under more scrutiny

Rep. James Lankford (R-Okla.) said he will hold hearings to see how to make the federal grant process more transparent. The administration merged two existing boards into a new Council on Financial Assistance Reform to improve the grant-making process. HHS awarded a $32.4 million contract for IT services for grants.gov portal.

Tags: technology , grants , OMB , James Lankford , House Oversight and Government Reform Committee , Jacob Lew , Grants.gov , Council on Financial Assistance Reform , HHS , GAO , Jason Miller

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New Orleans: There is symmetry

Getting it right this time.

Tags: Jane Norris , AGA , Neil Barofsky , Relmond Van Daniker , SIGTARP , Treasury , OMB , federalreporting.gov , stimulus

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Data doesn't tell whole story

How to add impact and power to the numbers.

Tags: stimulus , OMB , Recovery.gov , Lesley Field ,

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Controller at OMB, Danny Werfel, calls improper payments biggest government problem

Tags: management , technology , OMB , Treasury , GSA , Association of Government Accountants , financial management , improper payments , Financial Systems Integration Office , shared service providers , CFO , Intragovernmental transactions , AGA

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OMB's Werfel lays out new plan to follow agency money

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 , OMB , Treasury , GSA , Association of Government Accountants , financial management , improper payments , Financial Systems Integration Office , shared service providers , CFO , Intragovernmental transactions , AGA

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OMB controller nominee Werfel would take deeper look at DoD's books

He outlines several priorities if confirmed, including further reducing improper payments and reducing the federal real property inventory. Werfel says DoD must better understand why a qualified audit helps them meet their mission.

Tags: management , Sen. Tom Carper , OMB , Senate Homeland Security and Governmental Affairs , VA , DoD , NASA , DHS , financial management , improper payments , Consolidated financial audits , real property

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FederalNewsRadio Exclusive: Steering the Stimulus

In the face of an economic crisis, FederalNewsRadio asks three men leading recovery efforts about the latest in their efforts to meet the mission and how they'll know when it has been accomplished.

Tags: Neil Barofsky , Relmond Van Daniker , SIGTARP , Treasury , OMB , federalreporting.gov , mngt , stimulus , Jane Norris , Suzanne Kubota

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Legislation could spur XBRL use in government

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.

Tags: management , technology , XBRL , AGA , Joe Kull , Price Waterhouse Coopers , OMB , Max Cacas

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