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Search Tags: Financial management
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.
Most of the systems the GAO has put on the high-risk list are customized systems that agencies have created from scratch, but a new model is emerging.
Deputy Secretary Lute told the Senate Homeland Security and Governmental Affairs Committee about how DHS is improving contracting processes. Acquisition is one of three major areas that the department is focusing on to bring integration across all 22 components. Lute said part of her goal is to get off the GAO high-risk list.
Tags: contracting , management , industry , Janet Holl Lute , Daniel Akaka , Cathleen Berrick , DHS , GAO , Senate Homeland Security and Governmental Affairs , acquisition processes , Quadrennial Homeland Security Review , financial management , management integration , Jason Miller