There are still struggles with parts of the DATA Act implementation, but Treasury and Office of Management and Budget officials say they are working with large agencies and federal auditors to problem solve ahead of the May 2017 deadline.
Full implementation of the DATA Act is at risk if the Treasury Department and Office of Management and Budget don’t start keeping better tabs on agencies and their spending reports, says the Government Accountability Office.
As the government prepares for another presidential transition, administration officials say it’s important to build on the progress that’s been made on agency accountability.
Chief financial officers often see some of the same challenges in hiring and recruiting financial managers, producing cost information and performance and risk management that they encountered 25 years ago.
Nearly 23 years after the seminal CFO Act became law, agencies have met its spirit and intent, experts say. CFOs today quickly are becoming more than just number crunchers. They are now masters of data analytics aimed at improving agencies’ missions.
Building on the foundation of the Accounting and Auditing Act of 1950, Congress has increased the oversight and transparency of government spending over the years.
Congress must standardize the role of the federal chief financial officer and give deputy CFOs more clout to make up for time between political appointments of CFOs. These are two of the recommendations from a…
Alvin Tucker of the American Society of Military Comptrollers explains the challenges to reform financial management.
OMB controller understands why average citizens are simply not interested in the typical agency financial statement.
The federal government’s top accountant says it’s time for agencies to transform the way they report on their financial health. It all starts with citizens demanding to know how their tax dollars are being spent.