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4:39 pm, December 22, 2014

OFFM News

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.

Wednesday - 09/18/2013, 05:44am EDT
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Agency accountants fight fraud in government

AGA President Relmond Van Daniker joined the Federal Drive with Tom Temin and Amy Morris to discuss the conference, the intersection of fraud and technology and how federal managers can also benefit from better fraud-detection efforts.

Monday - 09/19/2011, 09:11am EDT
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Agency financial systems still deficient

The House Oversight and Government Reform Committee found agencies manually input data into grants, contracts and loan systems. The committee also said at least 10 agencies don't have good oversight of the data quality.

Wednesday - 09/07/2011, 03:19pm EDT

Treasury to process all invoices electronically

All agency bureaus will implement the Internet Payment Platform by 2012. Additionally, all Treasury vendors must submit invoices through the portal starting in 2013. The electronic invoice payment program is one of 12 initiatives to improve federal financial management.

Wednesday - 07/13/2011, 06:27pm EDT
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