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2:31 pm, October 25, 2014

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Search Tags:  Financial management

Morin paints challenging way ahead for Air Force's audit readiness

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

Thursday - 10/10/2013, 06:27pm EDT
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CFOs at tipping point due to fewer resources, more requirements

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.

Tags: management , financial management , AGA , Grant Thornton , Robert Shea , Denise Lippuner , Relmond Van Daniker , CFO , Jason Miller

Wednesday - 10/09/2013, 06:11am EDT
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Treasury overhauling qualifications for financial shared services providers

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.

Tags: financial management , Treasury , Office of Financial Innovation and Transformation , Elizabeth Angerman , Myrian Myer , Labor , shared services , OMB , technology , AFCEA , Jason Miller

Thursday - 09/26/2013, 06:07am EDT
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Coburn asks for details on year-end spending spree

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.

Tags: Tom Coburn , fiscal year 2013 , contracting , acquisition , management , financial management , OMB , Sylvia Burwell , sequestration , budget , Congress , Senate , Jason Miller

Tuesday - 09/24/2013, 11:31am EDT

OMB gives agencies more control over financial management systems

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.

Tags: management , OMB , Sylvia Burwell , financial management , Treasury Department , Office of Financial Innovation and Transformation , Jason Miller

Monday - 09/23/2013, 02:30pm EDT

Bill puts contract spending on the hook if Pentagon misses audit deadline

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.

Tags: DoD , budget , audit readiness , DoD audit , financial management , Congress , Senate , Tom Coburn , Joe Manchin , Jack Moore

Wednesday - 09/18/2013, 02:22pm EDT

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
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