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10:15 pm, September 16, 2014

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Search Tags:  Financial management

OMB following a familiar path as it shapes new financial internal controls

The Office of Federal Financial Management is updating Circular A-123 to focus on risk management and data-driven decision-making. OFFM also plans on rescinding the financial systems requirements circular, A-127, in the coming weeks.

Tags: management , financial management , internal controls , A-123 , A-127 , OMB , Mike Wetklow , Treasury , David Saltiel , Flavio Menasce , improper payments , Do Not Pay portal , Association of Government Accountants

Wednesday - 09/18/2013, 05:44am EDT
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Government charge card abuse a firing offense under new OMB guidelines

Federal employees who make illegal or improper purchases with government charge cards could face dismissal under new guidelines from the Office of Management and Budget. In a memo to the heads of agencies, OMB Director Sylvia Burwell laid out new steps to curb charge-card violations as part of the implementation of the 2012 Government Charge Card Abuse Prevention Act.

Tags: management , financial management , charge card abuse , OMB , Sylvia Burwell , Government Charge Card Abuse Prevention Act , Jack Moore

Monday - 09/09/2013, 01:33pm EDT

DoD on track to achieve audit readiness

The Pentagon is making notable progress towards its 2014 and 2017 audibility mandates, according to Beth McGrath, the Pentagon's deputy chief management officer. "It's not just the responsibility of the comptroller, for example, to achieve audit readiness," McGrath tells Federal News Radio. "It's everybody has to play."

Tags: DoD , financial improvement and readiness plan , statement of budgetary resources , Beth McGrath , strategic management plan , financial management , financial accountability , In Depth , Michael OConnell

Wednesday - 08/14/2013, 06:47pm EDT
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Innovation Fellows combine new, old technologies

The White House chose nine projects for the second round of the innovation fellows program, including the 21st century Financial Systems project. This program hopes to simplify current accounting methods and minimize cost inefficiencies. Other PIF projects look to create platforms for sharing ideas within and between agencies.

Tags: financial management , managment , technology , White House , Cogan Schneier , Presidential Innovation Fellows

Tuesday - 06/25/2013, 04:31pm EDT

HUD buying into shared services; renewed push to merge DoD's CIO

In his Inside the Reporter's Notebook feature, Executive Editor Jason Miller shares news and buzz in the acquisition and IT communities that you may have missed this week.

Tags: technology , acquisition , HUD , Treasury , financial management , DoD , Bob Lentz , Defense Authorization Bill , GSA , Dan Tangherlini , industrial funding fee , Inside the Reporters Notebook , Jason Miller

Monday - 06/24/2013, 05:29am EDT
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Sequestration, budget cuts taking their toll on DoD financial managers

DoD's senior executives with responsibility for budget matters report a sudden decline in job satisfaction. No surprise: sequestration's mostly to blame.

Tags: DoD , management , sequestration , American Society of Military Comptrollers , Lou Crenshaw , Grant Thornton , workforce , financial management , auditability , Jared Serbu

Thursday - 06/20/2013, 05:50am EDT

OMB sets new deadlines to improve data on USASpending.gov

Deputy Controller Norman Dong issued a memo to CFOs detailing steps they must take over the next 17 months better track and validate data between agency financial systems and the USASpending.gov portal.

Tags: financial management , OMB , Norman Dong , USASpending.gov , Jason Miller

Thursday - 06/20/2013, 07:00am EDT

Sequestration, budget cuts taking their toll on DoD financial managers

DoD's senior executives with responsibility for budget matters report a sudden decline in job satisfaction. No surprise: sequestration's mostly to blame.

Tags: DoD , management , sequestration , American Society of Military Comptrollers , Lou Crenshaw , Grant Thornton , workforce , financial management , auditability , Jared Serbu

Thursday - 06/20/2013, 06:54am EDT

DoD using flawed approach to calculate $1.1B in improper payments

The Defense Department reported making just $1.1 billion in improper payments in fiscal 2011, a small fraction of the Pentagon's total outlays of more than $1 trillion. But, in a new report, the Government Accountability Office said those estimates are neither reliable nor statistically valid because of "longstanding and pervasive" weaknesses in DoD financial-management practices as well as specific deficiencies in the department's procedures for estimating improper payments.

Tags: GAO , improper payments , financial management , DoD , Asif Khan , In Depth , Francis Rose , Jack Moore

Monday - 06/10/2013, 05:49pm EDT
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New data could be difference-maker for move to shared services

OMB and Treasury have been working with the four federal financial management shared services providers to collect information on cost and performance. OMB Deputy Controller Norman Dong said the data will help agencies make true comparisons of the providers.

Tags: Norman Dong , technology , OMB , Lisa Schlosser , AGA , AFFIRM , shared services , financial management , Treasury , Jason Miller

Friday - 06/07/2013, 05:26am EDT
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