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Search Tags: financial management
The House Oversight and Government Reform Committee is consolidating two subcommittees that oversee major agency functions, such as procurement and technology, into a new panel. No news yet on who will be the ranking members.
The Homeland Security Department would be required to conduct and pass a full financial audit under a bill unanimously approved by the Senate on Wednesday. The DART Act requires the agency, long characterized by the Government Accountability Office as being at high-risk for waste and abuse, to reach a clean audit opinion by 2013.
OMB Controller Danny Werfel announced Wednesday the federal government avoided paying out $47 billion in overpayments over the last three years. This missed President Barack Obama's goal of reducing improper payments by $50 billion by the end of FY2012.
Fred Hochberg, the Export-Import Bank president told The Federal Drive with Tom Temin and Emily Kopp that unlike other agencies, his agency has been able to pay money to the government rather than take money from the government.
Peggy Sherry, the agency's CFO, said when budget cuts do come they are prepared. DHS has been finding efficiencies in its spending and asked components to think hard about how they spend their money.
Rafael Borras, the Homeland Security Department's undersecretary for management, said in an exclusive interview with Federal News Radio, improvements to back-office functions show how interdependent the agency has become over the last few years. DHS is managing its acquisition, financial management and human capital processes through a holistic approach.
DoD's top financial manager says the Pentagon is pressing forward to meet Congressional edicts for auditable financial statements. But constant federal budget emergencies are sapping huge amounts of energy from the financial workforce tasked with preparing for audit.
Tags: DoD , audit readiness , Robert Hale , Elizabeth McGrath , Congress , Air Force , Navy , Gladys Commons , Marilyn Thomas , DEAMS , ERP , House Armed Services Committee , budget , Jared Serbu , DoD Report , Federal Drive
Ever wonder what the federal government is doing to reduce electricity use and reduce costs? Learn more about how the US federal government is leading the way in working to make its facilities more sustainable and environmentally responsible.
A review of audit practices at the military's IT agency finds significant deficiencies in meeting governmentwide "yellow book" auditing standards. DISA agreed with the inspector general's findings and laid out four steps toward improvement.