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Search Tags: Danny Werfel
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.
FSIO will cease operations as of March 31. OMB controller Werfel says the organization will issue its final set of requirements and business processes by the end of the month too.
Kodak moments from Federal News Radio's coverage of IRMCO 2010 from Cambridge, Md.
OMB said $687 million was recovered across all agencies this year in improper payments.
In a memo to agency financial managers, Danny Werfel set a July 31 deadline for three broad initiatives to reduce spending. Agency CFOs also must rank their employees' SAVE Award ideas for implementation and begin sharing best practices to root out waste, fraud and abuse.
Obama administration officials told Congress agencies are taking a more aggressive stance than ever in their efforts to cut improper payments. The White House has set a goal of reducing such payments by $50 billion by next fiscal year.
Rep. Darrell Issa (R-Calif.) said he supports the administration's plan to make it easier to get rid of excess property at civilian agencies.
The Obama administration Wednesday sent lawmakers a proposed bill that would create an independent commission to dispose of thousands of pieces of federal property that agencies have designated as excess. The administration also posted online a map showing the locations of more than 7,000 of the properties.
The chairman of the subcommittee on federal financial management said legislation may be needed to ensure agency accounting procedures are focusing on stopping improper payments. He said progress across the government is good, but more tools are necessary. OMB is testing the Do Not Pay List and plans to launch the full portal in 2012.
Tags: management , Todd Platts , OMB , Oversight and Government Reform Committee , SSA , CMS , DoD , VA , DHS , improper payments , Do Not Pay List , Recovery audits , internal controls , Jason Miller