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Search Tags: Danny Werfel
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
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
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.
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.