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Search Tags: Financial management
The Army and Marine Corps are both in the early phases of deploying logistics accountability systems that will replace a collection of disconnected, stovepiped IT systems and processes that have grown up since the 1960s. Though the systems share the same objective, they were made by different vendors, prompting questions from one member of Congress.
Tags: DoD , Congress , management , Army , Marine Corps , Claire McCaskill , financial management , DoD budget , Enterprise Resource Planning , Drew Dwyer , James Amos , Senate Armed Services Committee , Jared Serbu , DoD Report
The Government Accountability Office sustained protests from two losing bidders under the Transformation and System Consolidation (TASC) program, say government and industry sources.
The Defense Department's deputy chief financial officer said Friday that the department believes it will achieve the 2017 deadline to produce auditable financial statements. DoD is approaching the problem in way that makes clear that clean books are not only the responsibility of its accountants, he said.
A financial accounting task force said the government's accounts are too hard to understand and are misleading. A House Oversight subcommittee held the first of a series of hearings on making agency spending data more transparent and more user-friendly.
Tags: management , financial management , Todd Platts , House Committee on Oversight and Government Reform , FASAB , OMB , Jim Cooper , consolidated financial report , Jonathan Breul , GPRA , Meg Beasley
House oversight subcommittee will kick off the financial management agenda next week.
Sen. Tom Coburn (R-Okla.) asked DoD officials to be audit ready in anticipation of budget cuts. GAO has not been able to form an auditable opinion of them in over a decade.
OMB controller Danny Werfel said the Treasury Department should be finished testing and analyzing systems in the next six months. The CFO Council highlights priorities for 2011, and among them is the further reduction of improper payments. Werfel said agencies will begin using the software tool first utilized by the Recovery Board to identify potential problems.
Alvin Tucker of the American Society of Military Comptrollers explains the challenges to reform financial management.
Global Computer Enterprise submits a complaint to GAO after DHS awards the deal to CACI last month.
The Arlington, Va., firm will merge financial, acquisition and asset management systems. The contract is worth $450 million over 10 years. FEMA is expected to be the first DHS component to receive TASC.