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4:37 am, September 21, 2014

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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

OMB following a familiar path as it shapes new financial internal controls

The Office of Federal Financial Management is updating Circular A-123 to focus on risk management and data-driven decision-making. OFFM also plans on rescinding the financial systems requirements circular, A-127, in the coming weeks.

Tags: management , internal controls , A-123 , A-127 , OMB , Mike Wetklow , Treasury , David Saltiel , Flavio Menasce , improper payments , Do Not Pay portal , Association of Government Accountants

Wednesday - 09/18/2013, 05:44am EDT
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Government charge card abuse a firing offense under new OMB guidelines

Federal employees who make illegal or improper purchases with government charge cards could face dismissal under new guidelines from the Office of Management and Budget. In a memo to the heads of agencies, OMB Director Sylvia Burwell laid out new steps to curb charge-card violations as part of the implementation of the 2012 Government Charge Card Abuse Prevention Act.

Tags: management , charge card abuse , OMB , Sylvia Burwell , Government Charge Card Abuse Prevention Act , Jack Moore

Monday - 09/09/2013, 01:33pm EDT

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 accountability , In Depth , Michael OConnell

Wednesday - 08/14/2013, 06:47pm EDT
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Innovation Fellows combine new, old technologies

The White House chose nine projects for the second round of the innovation fellows program, including the 21st century Financial Systems project. This program hopes to simplify current accounting methods and minimize cost inefficiencies. Other PIF projects look to create platforms for sharing ideas within and between agencies.

Tags: managment , technology , White House , Cogan Schneier , Presidential Innovation Fellows

Tuesday - 06/25/2013, 04:31pm EDT

HUD buying into shared services; renewed push to merge DoD's CIO

In his Inside the Reporter's Notebook feature, Executive Editor Jason Miller shares news and buzz in the acquisition and IT communities that you may have missed this week.

Tags: technology , acquisition , HUD , Treasury , DoD , Bob Lentz , Defense Authorization Bill , GSA , Dan Tangherlini , industrial funding fee , Inside the Reporters Notebook , Jason Miller

Monday - 06/24/2013, 05:29am EDT
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Sequestration, budget cuts taking their toll on DoD financial managers

DoD's senior executives with responsibility for budget matters report a sudden decline in job satisfaction. No surprise: sequestration's mostly to blame.

Tags: DoD , management , sequestration , American Society of Military Comptrollers , Lou Crenshaw , Grant Thornton , workforce , auditability , Jared Serbu

Thursday - 06/20/2013, 05:50am EDT

OMB sets new deadlines to improve data on USASpending.gov

Deputy Controller Norman Dong issued a memo to CFOs detailing steps they must take over the next 17 months better track and validate data between agency financial systems and the USASpending.gov portal.

Tags: OMB , Norman Dong , USASpending.gov , Jason Miller

Thursday - 06/20/2013, 07:00am EDT

Sequestration, budget cuts taking their toll on DoD financial managers

DoD's senior executives with responsibility for budget matters report a sudden decline in job satisfaction. No surprise: sequestration's mostly to blame.

Tags: DoD , management , sequestration , American Society of Military Comptrollers , Lou Crenshaw , Grant Thornton , workforce , auditability , Jared Serbu

Thursday - 06/20/2013, 06:54am EDT
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