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Search Tags: improper payments
Thirteen lawmakers sent a letter to DoD urging greater efforts to eliminate improper payments.
The chairman of the subcommittee on federal financial management said legislation may be needed to ensure agency accounting procedures are focusing on stopping improper payments. He said progress across the government is good, but more tools are necessary. OMB is testing the Do Not Pay List and plans to launch the full portal in 2012.
The agency plans to follow the model credit card companies use to identify potential problems on the front end instead of trying to chase down the money after the fact. CMS accounts for about 46 percent of all improper payments across the government. Overall, OMB wants to reduce the governmentwide error rate to 4.18 percent by 2013.
Reducing improper payments is important to any agency or company. Dave Dantus and Russell Keziere from Pegasystems offer tips.
February 15, 2011
House oversight subcommittee will kick off the financial management agenda next week.
TSP Board's Tom Trabucco describes the news system aimed at preventing another improper payment that happened earlier in the month.
New rule published today details how the government will go from chasing criminals to using data and other tools to stop them as Medicare and Medicaid fraud is happening. The agencies report returning $4 billion back to the government in 2010, a 50 percent increase compared to 2009.
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.
The head of the Office of Management and Budget's Office of Federal Financial Management said the federal audit community has a powerful new tool to battle improper payments and fraud. Danny Werfel said for most citizens, battling improper payments may even trump the accounting community's holy grail of a clean audit opinion.
OMB controller understands why average citizens are simply not interested in the typical agency financial statement.