Financial Management
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Sen. Mark Warner proposed a web-based system to Congress to improve the way federal expenses are reported by federal agencies. It\'s the Senate version of a bill proposed last week in the House by Rep. Darrell Issa.
June 20, 2011 -
Get an inside look at the new look of the Justice Department\'s accounting system from Cynthia Schnedar, Acting Inspector General at DOJ
June 13, 2011 -
A new bill would establish a permanent, independent body to track federal spending and increase accountability, according to the House Committee on Oversight and Government Reform.
June 13, 2011 -
Federal CIO Vivek Kundra said there are more than 1,000 of these back-office systems and moving them to private cloud providers could save billions. Several agencies, including Labor and EEOC, already have moved their financial systems to a private cloud. Kundra envisions an interagency effort similar to the one for email where agencies commit to using a governmentwide contract for these services.
June 10, 2011 -
Interior\'s National Business Center no longer will support CGI\'s Momentum software forcing NRC, EEOC, FLRB and NTSB to find a new financial management system provider.
June 08, 2011 -
A day after the Department of Homeland Security cancelled its $450 million contract to modernize and unify its backoffice IT systems, the department\'s acting CFO told Congress DHS will focus first on modernizing the infrastructure of the department\'s components that are severely out of date. A new strategy for an integrated, departmentwide system has yet to be determined, she said.
May 16, 2011 -
Congressional auditors are recommending some changes to the way treasury manages the Troubled Asset Relief Program (TARP).
April 21, 2011 -
The Homeland Security Department\'s chief management officer said Tuesday that the lack of a departmentwide financial management system is a huge deficiency. Fixing that, he said, is among the department\'s primary management priorities.
April 06, 2011 -
The Army and Marine Corps are both in the early phases of deploying logistics accountability systems that will replace a collection of disconnected, stovepiped IT systems and processes that have grown up since the 1960s. Though the systems share the same objective, they were made by different vendors, prompting questions from one member of Congress.
March 22, 2011 -
The Government Accountability Office sustained protests from two losing bidders under the Transformation and System Consolidation (TASC) program, say government and industry sources.
March 10, 2011 -
The Defense Department\'s deputy chief financial officer said Friday that the department believes it will achieve the 2017 deadline to produce auditable financial statements. DoD is approaching the problem in way that makes clear that clean books are not only the responsibility of its accountants, he said.
February 21, 2011 -
A financial accounting task force said the government\'s accounts are too hard to understand and are misleading. A House Oversight subcommittee held the first of a series of hearings on making agency spending data more transparent and more user-friendly.
February 17, 2011 -
House oversight subcommittee will kick off the financial management agenda next week.
February 14, 2011 -
Sen. Tom Coburn (R-Okla.) asked DoD officials to be audit ready in anticipation of budget cuts. GAO has not been able to form an auditable opinion of them in over a decade.
February 02, 2011 -
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.
January 12, 2011