Financial Management
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Although the Pentagon resolved more than 500 findings from last year's audit, so far, auditors are identifying financial management problems faster than DoD can fix them.
November 18, 2019 -
The Department of Homeland Security released two solicitations seeking industry help to consolidate and modernize as many as 22 legacy financial management systems for a fifth time in the last 15 years.
November 04, 2019 -
IT at the Department of Veterans Affairs took center stage on Capitol Hill Tuesday, as the House Veterans Affairs Committee held two hearings in attempt to better understand the agency's long list of challenges.
April 02, 2019 -
The Pentagon and its inspector general said recent discoveries of tens of millions of dollars in uncatalogued parts offer concrete evidence of the audit's direct connection to military readiness.
March 19, 2019 -
If you have a Thrift Savings Plan account what did you do in December when the high-flying stock market, after wobbling a couple months, dropped big time? Financial planner Arthur Stein has some ideas on today's episode of Your Turn.
February 06, 2019 -
In an interview, one of the Pentagon's top auditors says most of the weaknesses uncovered by its first financial audit weren't a surprise. But there's reason for optimism.
January 31, 2019 -
A "disclaimer of opinion" was a foregone conclusion for Pentagon's first financial audit before it even started. Now the focus turns to what the Defense Department will do with the findings.
January 03, 2019 -
The CFO Council and the Treasury Department’s Bureau of Fiscal Service give agencies a guide to address an area of improper payments that has long been overlooked.
October 22, 2018 -
Demek Adams, a principal at Grant Thornton who leads the financial management practice, said agencies can jump on that bandwagon and improve not only their financial management, but their overall business processes and citizen services by making better use of the data.
October 15, 2018 -
The Treasury Department’s Bureau of Fiscal Service lays out ambitious goals to strengthen the central processes of disbursing, collections, reporting and administrative services.
August 08, 2018 -
NSF will use robotics process automation to improve its intergovernmental transactions, while Interior will apply bots to improve its electronic invoice processing.
July 17, 2018 -
Beth Angerman, the director of the Shared Solutions Performance Improvement (SSPI) Office at GSA, said engaging all stakeholders is an important part any large transformational effort.
March 22, 2018 -
The Defense Department is analyzing back-office and commercial-like services in an effort to reduce spending.
February 12, 2018 -
The Unified Shared Services Management Office will hold market research days in February to understand what is possible for financial shared services.
January 29, 2018 -
Costs of DoD's full-scope financial audit will approach $1 billion in the effort's first year, but Defense officials contend the benefits are well worth the price.
January 11, 2018