Financial management

There’s a new action plan available that addresses cyber security from an enterprise-wide perspective. We get details from Internet Security Alliance president and CEO, Larry Clinton.

Draft memo obtained by Federal News Radio calls for stopping new and ongoing modernization and development programs until OMB can review them. OMB also would dole out funding on a quarterly basis for ongoing projects to ensure they are meeting milestones.

WFED’s Jason Miller reports.

WFED’s Max Cacas has more.

Recently, Federal IT officials have been talking about important changes to the way that financial management systems at federal agencies are upgraded. But now one of the government’s top financial managers is also speaking out on the need for new thinking when the time comes for modernizing those systems.

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.

OMB controller understands why average citizens are simply not interested in the typical agency financial statement.

The Office of Management and Budget wants to expand the use of Extensible Business Reporting Language to expand access to structured data. However, the technology to ensure widespread adoption still has a way to go. But two pilots with industry shows it can be done.

Deputy Secretary Lute told the Senate Homeland Security and Governmental Affairs Committee about how DHS is improving contracting processes. Acquisition is one of three major areas that the department is focusing on to bring integration across all 22 components. Lute said part of her goal is to get off the GAO high-risk list.

Most of the systems the GAO has put on the high-risk list are customized systems that agencies have created from scratch, but a new model is emerging.