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4:47 pm, September 2, 2014

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Search Tags:  financial accountability

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 , In Depth , Michael OConnell

Wednesday - 08/14/2013, 06:47pm EDT
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Recovery Board opens next frontier in financial accountability

Pundits may question whether Congress should have approved $804 billion in stimulus money via the Recovery Act of 2009. But many in government have come to realize that the independent agency charged with overseeing how that money was spent -- the Recovery Accountability and Transparency Board -- has a lot to teach financial managers about ensuring transparency and rooting out waste in government spending.

Tags: Recovery Act , RAT Board , Earl Devaney , Kathleen Tighe , Danny Werfel , Michael Wood , transparency , technology , financial management , Rise of the Money People , Michael OConnell , OMB , oversight

Wednesday - 04/10/2013, 02:25pm EDT
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GAO: Work needed to correct errors in TARP financial statements

Gary Engel, GAO's director of financial management, says the Treasury Department's Office of Financial Stability, which implements TARP, still needs to establish a mechanism for effective implementation of its review and approval process for preparing its financial statements.

Tags: Gary Engel , GAO , OFS , TARP , Federal Drive , Michael OConnell , Treasure Department , financial management

Monday - 02/27/2012, 12:12pm EST
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Federal financial report is in, but GAO offers no opinion

Robert Dacey, the Government Accountability Office's chief accountant, breaks down the reasons why GAO was unable to render an opinion on the federal government's consolidated financial report.

Tags: Roberty Dacey , GAO , Treasury , CFO Act , financial reporting , Federal Drive , DoD , Michael OConnell , OMB

Wednesday - 12/28/2011, 10:02am EST
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New Consumer Financial Protection Agency standing up slowly

President Obama has complained that, while bankers claim they support financial regulation reform, large banks have been lobbying against portions of overhaul legislation moving through Congress, including a provision to set up a new consumer protection agency to oversee their marketing of credit cards, mortgages and car loans.

Tags: mngt , oversight , Jodi Schneider , American Banker

Friday - 12/18/2009, 09:40am EST
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