The Office of Management and Budget raised the bar on enterprise risk management through an update to its Circular A-123 two years ago. Now federal employees can become card-carrying experts on the topic.
A panel of risk leaders from the Veterans Affairs Department, Bureau of the Fiscal Service and Treasury Department shared their experiences and advice for implementing Enterprise Risk Management.
How has the use of right management evolved in U.S. federal agencies? What is Enterprise Risk Management? What are some of the key risks facing government today? Join host Michael Keegan as he explores these questions and more on a Special Edition of The Business of Government Hour – Leaders Speak on Managing Risk in Government.
We’ll all be hearing more in the next few years about risk management, compliance and governance. The Government Accountability Office puts out the Green Book, containing standards for financial control in federal accounting.
Cybersecurity remains a tough challenge to tackle for Federal Retirement Thrift Investment Board, the agency that administers and oversees the Thrift Savings Plan. Under the Federal Information Security Modernization Act (FISMA), an independent auditor found the board lagging on risk management and access strategies.
The world is full of risks. Federal agencies no less than commercial organizations, operating as they are in a complex and increasingly threatening world, face risks to their finances, their physical security, and their ability to do business thanks to vulnerabilities in their information technology systems.
The Transportation Security Administration announced the second phase of its agency reorganization. A new chief of mission support will oversee TSA’s human capital management, acquisition, training and logistics.
Government issued more improper payments in fiscal 2015 — $137 billion — a new high for agencies since the Office of Management and Budget first began measuring the rate in 2004. And as more agencies receive more material weaknesses, OMB said the federal accounting community has a role to play in turning this negative trend around.
A new playbook from the Chief Financial Officers Council and Performance Improvement Council aims to help agencies stand up enterprise risk management programs, as well as comply with a new mandate in OMB’s update to Circular A-123.
As the Office of Management and Budget establishes governmentwide risk management guidelines, the Transportation Security Administration has lessons learned, challenges and metrics from their two-year-old program to share with other agencies to help ease implementation.