The Treasury Department has failed for years to fix controls in the systems it uses to account for the country's finances.
VA's Office of Inspector General has found that the department worked hard to document its handling of the money. But weaknesses in VA's financial management systems raise questions.
The CFO Council’s recent strategy made succession planning one of seven strategic goals to prepare agency financial management offices for the impending future.
The CFO Council released a new workforce strategy to help reimagine the federal financial management workforce.
The projection is by no means a sure thing, but DoD financial leaders think it's achievable, based on audit findings so far and the corrective action plans that have been drafted to address them.
In today's Federal Newscast, the Office of Special Counsel handed down a fine and two-year ban from federal service to a former official at Housing and Urban Development.
On this episode of On DoD, Carmen Malone, the deputy assistant DoD inspector general for audit joins Jared Serbu to discuss the department's 2020 financial audit findings - and why there are glimmers of hope that DoD might eventually pass an audit.
If you think federal accounting is dull and unchanging, think again. People who do federal accounting and finance say it's a constantly moving field that requires ongoing training.
Irv Dennis, HUD’s chief financial officer, said his office raised employee morale, converted manual processes to digital ones and received its first clean audit in eight years.
Troy Edgar, the Homeland Security Department’s chief financial officer, said the Transportation Security Administration moved to the Coast Guard’s financial management shared service in October has proven to be successful, making TSA the second component to modernize.
The newly-reported improper payments come a year after a similar testing overhaul flagged billions of dollars in potentially unsupportable payments in DoD's military pay accounts.
With the backing of the Army secretary, the service inaugurated a new task force this week to reimagine how its financial management systems operate.
In today's Federal Newscast, lawmakers say they're ready to work with the four major federal payroll providers so they can implement an option.
DoD has a longstanding reputation as the only federal department that can't pass an audit. That same reputation is inhibiting the sort of recruitment it needs to help solve the problem.