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IG turns 'blind eye' to DFAS' fudged financial records, Grassley reports

Sen. Chuck Grassley released a report Friday, revealing fudged financial statements from the Defense Finance and Accounting Service and audit misconduct from the Inspector General's office.

Tags: management , oversight , DoD , DFAS , Chuck Grassley , Arnold Punaro , Pentagon Solutions , Shefali Kapadia

Tuesday - 11/26/2013, 06:59am EST

IG helps SSA save and recover millions of dollars

In this week's edition of Agency of the Month, SSA Inspector General Patrick O'Carroll explains how his office is helping the agency save millions of dollars.

Tags: SSA , inspector general ,

Friday - 11/15/2013, 10:56am EST
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Feasibility of DATA Act questioned even as Senate committee OKs it

Some agency leaders who would be charged with implementing the bill are unsure the DATA Act can be brought to life successfully. Officials said the government can improve how it makes data accessible and publishes procurement and other spending information. But the DATA Act may be asking for things that aren't pragmatically possible.

Tags: management , Dick Gregg , Treasury , Jim Taylor , Labor , Norman Dong , OMB , DATA Act , Rob Portman , Senate Homeland Security and Governmental Affairs Committee , Hudson Hollester , Data Transparency Coalition , Association of Government Accountants , Data Center Consolidation Act , Jason Miller

Thursday - 11/07/2013, 06:21am EST

From 500 to 70, OMB reduces number of financial system requirements

The Office of Management and Budget rescinds CircularA-127 and issues new guidance to simplify financial system requirements. The goal is to improve quality, utility and the reliability of federal financial information.

Tags: OMB , Norman Dong , A-127 , A-123 , shared services , Jason Miller , exclusive

Thursday - 10/24/2013, 03:57am EDT
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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 , 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 , 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: 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 , 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 , 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 , congress , Senate , Tom Coburn , Joe Manchin , Jack Moore

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