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federal financial systems

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Latest Headlines

GFEBS will likely go over budget, says DoD OIG

The Army should halt rollout of a key enterprise resource planning system to additional users until the ERP can fully record general fund transactions, says the Defense Department office of inspector

Federal financial systems 'savings' may just be deferred costs

Although an Office of Management and Budget-led review process of federal financial management systems may have resulted in $1.6 billion in savings, as OMB claims, a Government Accountability Office

FEMA first DHS component to undergo post-TASC financial modernization

The Federal Emergency Management Agency will be the first Homeland Security Department component to undertake a less-ambitious financial system modernization effort following the collapse of a

Revamped SBA financial system modernization running over budget

Despite taking the advice of the Office of Management and Budget and breaking up a large financial system modernization effort into smaller increments, the Small Business Administration continues to

Fiscal 2011 will be a better year for financial system audits, says DHS official

Audits of Homeland Security Department financial systems performance during the past fiscal year will reveal improved performance, a top DHS official told an Oct. 27 House panel. Testifying before

Air Force considering alternatives to key ERP

Air Force deployment of a key enterprise resource planning system has lagged behind schedule, a service official acknowledged Oct. 27 before a House Armed Services Committee panel hearing. The...

Majority of DHS financial system vulnerabilities repeats from previous year, says IG

Persistent security problems in the Homeland Security Department's financial management systems compromise the confidentiality, integrity and availability of data, according to a redacted DHS

Morin: Air Force at risk of missing 2017 audit deadline

The Air Force is at a moderate risk of missing the 2017 deadline for military services and the Defense Department to achieve a clean audit, Air Force comptroller Jamie Morin said during a Sept. 8

Agency financial reporting too reliant on manual processes, says Issa

Financial reporting at federal agencies is still too reliant on manual processes, said Rep. Darrell Issa (R-Calif.) in a statement from the House Oversight and Government Reform Committee, which he

Hale: Business processes an obstacle to DoD clean audits

When the Marine Corps tried auditing its statement of budgetary resource, it found that its information technology system wasn't the main obstacle toward getting a clean opinion, said Robert Hale,