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OMB's Werfel lays out new plan to follow agency money

Federal controller Danny Werfel to issue new guidance on measuring and fixing improper payments this week. OMB also is planning two pilot programs to improve how agencies receive and process vendor invoices, and to enhance intragovernmental transactions. Werfel also says the approach to financial management shared services is changing.

Tags: management , technology , Danny Werfel , OMB , Treasury , GSA , Association of Government Accountants , improper payments , Financial Systems Integration Office , shared service providers , CFO , Intragovernmental transactions , AGA

Monday - 02/22/2010, 06:53am EST
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OMB controller nominee Werfel would take deeper look at DoD's books

He outlines several priorities if confirmed, including further reducing improper payments and reducing the federal real property inventory. Werfel says DoD must better understand why a qualified audit helps them meet their mission.

Tags: management , Danny Werfel , Sen. Tom Carper , OMB , Senate Homeland Security and Governmental Affairs , VA , DoD , NASA , DHS , improper payments , Consolidated financial audits , real property

Wednesday - 09/16/2009, 06:46pm EDT
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Rep. Cuellar pushing for performance based budgeting

Texas Democrat's bill would modernize how the government appropriates, measures funding. Agency progress with financial management oversight improves slightly, but still no consolidated audit opinion.

Tags: mngt , Henry Cuellar , Diana Watson , Gene Dodaro , Richard Gregg , DHS , DoD , NASA , House Oversight and Government Reform Committee , GAO , Treasury , Army Corps of Engineers , audit opinion , CFO Act , Performance based budgeting

Thursday - 07/09/2009, 07:00am EDT
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OMB shutting down financial systems office

FSIO will cease operations as of March 31. OMB controller Werfel says the organization will issue its final set of requirements and business processes by the end of the month too.

Tags: management , Danny Werfel , OMB , FSIO , GSA , Core financial requirements

Friday - 03/19/2010, 07:01am EDT
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Lynn: DoD focused on cybersecurity, auditability

Outgoing Deputy Defense Secretary William Lynn said the biggest change at the Defense Department during his tenure was the increased focus on cybersecurity.

Tags: William Lynn , DoD , cybersecurity , technology ,

Monday - 10/03/2011, 06:06pm EDT
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DoD still has work ahead to be auditable by 2017

The Government Accountability Office is looking at the progress the Pentagon is making.

Tags: Asif Khan , GAO , DoD , audits , In Depth

Thursday - 09/29/2011, 06:31pm EDT
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How independent are agency IGs?

The GAO's reports evaluates the independence of inspector generals in government.

Tags: susan ragland , GAO , oversight , IG , In Depth

Friday - 09/23/2011, 06:53pm EDT
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GAO praises DoD audit plans, questions implementation

In reports and testimony to Congress, the Government Accountability Office finds DoD has built a credible plan to meet a Congressionally-mandated full financial audit by 2017. However, the audit agency is skeptical the military branches will be able to implement the plan in time.

Tags: DoD , management , Congress , Robert Hale , Jamie Morin , Tom Coburn , Gladys Commons , audit readiness , GAO , Asif Khan , Jared Serbu

Monday - 09/19/2011, 05:13am EDT
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GAO identifies financial management problems with TARP

Congressional auditors are recommending some changes to the way treasury manages the Troubled Asset Relief Program (TARP).

Tags: Gary Engel , GAO , TARP , accountability , In Depth

Thursday - 04/21/2011, 06:12pm EDT
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