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Search Tags: Financial management
Sen. Chuck Grassley released a report Friday, revealing fudged financial statements from the Defense Finance and Accounting Service and audit misconduct from the Inspector General's office.
In this week's edition of Agency of the Month, SSA Inspector General Patrick O'Carroll explains how his office is helping the agency save millions of dollars.
Some agency leaders who would be charged with implementing the bill are unsure the DATA Act can be brought to life successfully. Officials said the government can improve how it makes data accessible and publishes procurement and other spending information. But the DATA Act may be asking for things that aren't pragmatically possible.
Tags: management , financial management , Dick Gregg , Treasury , Jim Taylor , Labor , Norman Dong , OMB , DATA Act , Rob Portman , Senate Homeland Security and Governmental Affairs Committee , Hudson Hollester , Data Transparency Coalition , Association of Government Accountants , Data Center Consolidation Act , Jason Miller
The Office of Management and Budget rescinds CircularA-127 and issues new guidance to simplify financial system requirements. The goal is to improve quality, utility and the reliability of federal financial information.
Jamie Morin, the outgoing comptroller and President Barack Obama's nominee to be DoD's second director of Cost Assessment and Program Evaluation office, told lawmakers Thursday that the Air Force would struggle to meet the 2014 financial management deadline. Jo Ann Rooney, the nominee to be undersecretary of the Navy, said furloughs from sequestration and the government shutdown have delayed progress on several programs.
Tags: management , Congress , DoD , Jo Ann Rooney , Jamie Morin , Michael Lumpkin , financial management , audit readiness , Carl Levin , John McCain , Senate Armed Services Committee , acquisition , government shutdown , sequestration , Jason Miller , Air Force , Navy
A new survey by the Association of Government Accountants and Grant Thornton finds federal CFOs and their staffs have only enough time, money and know-how to do the basics around financial management. Agency financial managers are frustrated with having to face ever-increasing mandates with fewer people.
Treasury's Office of Financial Innovation Transformation (OFIT) issued a draft set of requirements that agencies must meet if they want to be federal shared services providers. The requirements should be finalized this fall, and a new set of providers will be in place in the coming months.
OMB Director Sylvia Burwell received a letter from Sen. Tom Coburn earlier this month asking for the facts and figures on how agencies are spending acquisition funds in the fourth quarter.
The White House updates Circular A-123 to include a new appendix to address federal financial management systems. OMB expects the new regulations to let agencies focus on a smaller-scale, risk-based approach to improving financial systems.
New legislation introduced by Sens. Tom Coburn (R-Okla.) and Joe Manchin (D-W.Va.) pushes the Pentagon toward being ready for a full financial audit by restricting spending on major weapons programs if DoD fails to get its books in order.