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Search Tags: Financial management
Savantage Solutions submitted a complaint to the U.S. Court of Federal Claims Feb. 23 claiming the department's request for proposals was unduly restrictive, says a company spokesman.
Daniel Werfel will focus on three main areas as controller, getting the government to have a clean audit opinion, reducing improper payments and improving how agencies manage federal property. OMB director Orszag issues a memo asking agencies to meet the 45 day deadline to close their books, or ask for an extension by Nov. 1. Orszag says agencies may need more resources to get clean financial audits because of the Recovery Act.
The Office of Management and Budget decided FSIO met its goals of creating business process and data standards for the Financial Management Line of Business, and finished its last update of the Core Financial Systems Requirements and therefore is no longer needed.
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 , Danny Werfel , 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 , Danny Werfel , Sen. Tom Carper , OMB , Senate Homeland Security and Governmental Affairs , VA , DoD , NASA , DHS , financial management , improper payments , Consolidated financial audits , real property
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 , CFO Act , Performance based budgeting
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.
Outgoing Deputy Defense Secretary William Lynn said the biggest change at the Defense Department during his tenure was the increased focus on cybersecurity.
The Government Accountability Office is looking at the progress the Pentagon is making.