Mike Wetklow, an Office of Management and Budget official, said the expected changes to Circular A-123 will ask agencies to view risk management in a different way.
The Office of Management and Budget recently released an update to Circular A-123, a guide for agencies on managing risk at an enterprise level. A new report from the Association of Government Accountants examined the revision. Federal News Radio Executive Editor Jason Miller spoke with Emily Kopp on the Federal Drive about why A-123 is a big deal in government accounting circles.
Inspectors general say congressionally mandated reviews of agency conference spending and charge card use are taking resources away from more important investigations, a new survey finds.
The Office of Management and Budget told agencies in its annual budget guidance to propose a 2 percent reduction in discretionary spending levels and an increase for a specific, prioritized set of programs that are working well. OMB's Lisa Danzig said agencies should use the data from their strategic reviews to help make these decisions.
Federal News Radio's Federal Drive with Tom Temin and Emily Kopp reported live on the morning of Feb. 11, 2014, from the 2012 AGA National Leadership Conference at the Ronald Reagan Building in Washington, D.C.
On the Federal Drive show blog, you can listen to our interviews, find more information about the guests on the show each day, as well as links to other stories and resources we discuss.
A new survey by the Association of Government Accountants and Grant Thornton finds federal CFOs and their staffs have only enough time, money and know-how to do the basics around financial management. Agency financial managers are frustrated with having to face ever-increasing mandates with fewer people.
A new survey of the inspector general community says tighter budgets are making it difficult for IGs to do their jobs effectively. Sequestration hasn't help matters either.
OMB and Treasury have been working with the four federal financial management shared services providers to collect information on cost and performance. OMB Deputy Controller Norman Dong said the data will help agencies make true comparisons of the providers.
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.
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.
The Chairman of House Oversight and Government Reform Committee said Republicans can sound evil during the debate about whether feds are overpaid. But the bigger issue, he said, is the overall HR processes used across government. Issa said agencies need to have a right-size the workforce more easily.
By Olivia Branco Federal News Radio The FBI’s budget has been growing fast ever since 9/11. It went from a two billion dollar law enforcement agency to a five billion dollar international terror-fighting operation. Now…
Last week the International Monetary Fund cautioned the government on spending. So how bad are federal finances? We ask GAO\'s Jeanette Franzel