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2:24 am, October 31, 2014

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Search Tags:  financial management

DoD plans dry-run financial audit for 2015

The entire military must pass a financial audit by 2017, and the military services have made slow, uneven progress toward that goal. The Pentagon plans to conduct a partial audit of the entire department next year to identify weaknesses and areas in which it should focus its energy.

Tags: DoD , Association of Government Accountants , Margo Sheridan , Stephen Herrera , Dennis Taitano , James Watkins , clean audit , Jared Serbu

Wednesday - 02/12/2014, 05:20am EST
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Borras leaves DHS more integrated, on better financial path

Rafael Borras spent the last four years as the undersecretary of management for the Homeland Security Department before leaving Feb. 7. He said his goal was to make DHS more business-like by making it easier to apply data to decisions. Under Borras' leadership, DHS launched the Management Cube and received its first-ever clean financial audit opinion.

Tags: management , Rafael Borras , DHS , Coast Guard , shared services , Management Cube , data driven analysis , clean audit , people , Jason Miller , exclusive

Wednesday - 02/19/2014, 03:58am EST
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DoD on track to reach auditability

Host Francis Rose talked to Mark Easton, deputy chief financial officer at the Defense Department, about DoD's efforts to reach auditability.

Tags: Mark Easton , DoD , Pentagon Solutions , In Depth

Wednesday - 02/05/2014, 05:10pm EST
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Service members more financially stable than civilian counterparts

Members of the military are burdened by credit card debt, loans and mortgages, but they still seem to be handling their finances better than their civilian counterparts, according to a report by the Financial Industry Regulatory Authority (FINRA) Foundation.

Tags: DoD , service members , financial planning , Federal Drive , Gerri Walsh , Shefali Kapadia

Monday - 12/30/2013, 09:17am EST
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DHS issues first-ever clean financial audit, but IG says more work needed

For the first time in its history, the Homeland Security Department turned in a clean financial audit. A new DHS inspector general report, however, says the department has "significant deficiencies" in its internal control over financial reporting.

Tags: DHS , Tom Carper , Bennie Thompson , Senate Homeland and Governmental Affairs Committee , House Homeland Security Committee , inspector general , audit , Michael OConnell , KPMG

Thursday - 12/12/2013, 04:13pm EST
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Survey: Budget crises leave little time for long-term planning

A string of recent budget crises, doomsday deadlines and last-minute deals has complicated agencies' longer-term budget planning. However, most agency budget professionals say they're plowing through the uncertainty and will be able to meet spending targets for fiscal 2015 mandated by the Office of Management and Budget, according to a recent survey by Grant Thornton and the American Association for Budget and Program Analysis.

Tags: budget , 2015 budget , OMB , management , Grant Thornton , American Association for Budget and Program Analysis , Jack Moore

Wednesday - 11/27/2013, 04:48pm EST

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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