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Search Tags: financial management
House oversight subcommittee will kick off the financial management agenda next week.
Sen. Tom Coburn (R-Okla.) asked DoD officials to be audit ready in anticipation of budget cuts. GAO has not been able to form an auditable opinion of them in over a decade.
OMB controller Danny Werfel said the Treasury Department should be finished testing and analyzing systems in the next six months. The CFO Council highlights priorities for 2011, and among them is the further reduction of improper payments. Werfel said agencies will begin using the software tool first utilized by the Recovery Board to identify potential problems.
Alvin Tucker of the American Society of Military Comptrollers explains the challenges to reform financial management.
Global Computer Enterprise submits a complaint to GAO after DHS awards the deal to CACI last month.
The Arlington, Va., firm will merge financial, acquisition and asset management systems. The contract is worth $450 million over 10 years. FEMA is expected to be the first DHS component to receive TASC.
Most of the systems the GAO has put on the high-risk list are customized systems that agencies have created from scratch, but a new model is emerging.
Deputy Secretary Lute told the Senate Homeland Security and Governmental Affairs Committee about how DHS is improving contracting processes. Acquisition is one of three major areas that the department is focusing on to bring integration across all 22 components. Lute said part of her goal is to get off the GAO high-risk list.
Tags: contracting , management , industry , Janet Holl Lute , Daniel Akaka , Cathleen Berrick , DHS , GAO , Senate Homeland Security and Governmental Affairs , acquisition processes , Quadrennial Homeland Security Review , management integration , Jason Miller
The Office of Management and Budget wants to expand the use of Extensible Business Reporting Language to expand access to structured data. However, the technology to ensure widespread adoption still has a way to go. But two pilots with industry shows it can be done.
OMB controller understands why average citizens are simply not interested in the typical agency financial statement.