Financial Management

Latest Headlines

Latest Headlines

US comptroller general outlines ways to curb federal improper payments, improve fiscal health

Congress can help federal agencies reduce the billions of dollars in improper payments they make annually through new legislation and providing investigators with access to particular databases, among other actions, the nation's comptroller general said at a Senate Finance Committee hearing last week.

A closer look at NIST's cloud roadmap and hybrid guidance

It's been four years since the Office of Management and Budget asked federal chief information officers to think "cloud first" – or consider cloud computing-based solutions when investing in new technology, or updating legacy systems. 

EPA not properly tracking its IT investments, finds IG

The Environmental Protection Agency is not properly recording its information technology investments, which totaled more than $334 million in fiscal 2014, finds an internal audit.

Spotlight: Officials provide DATA Act implementation update

Fiscal Assistant Secretary David Lebryk showed attendees at DATA Transparency 2015 the first public images of a forthcoming spending data platform.

GAO: Many federal agencies not following OMB guidance to complete IT reinvesment plans

Of the 27 agencies that are required to submit reinvestment plans – including one-time and ongoing plans – to the Office of Management and Budget, only five had fully implemented such guidance while the remaining 22 agencies have partially implemented it.

Feds finalize data standards aimed at consistent financial reporting mandated by DATA Act

The completion of the 57 data standards is designed to help agencies report financial information in a "clear and consistent" manner on and improve transparency and accountability to the public.

IG: IRS needs to make online accounts top priority in customer service revamp

A new Treasury Inspector General report states that the Internal Revenue Service is making headway toward meeting customers' demands for more electronic services and products

VMware, Carahsoft to pay $75.5M settling allegations they overcharged gov't for software, services

Justice Department officials said that VMware and Carahsoft hid their commercial pricing practices and overcharged the government from 2007 to 2013.

Top federal acquisition policy official highlights progress to streamline, improve IT spending

Anne Rung, administrator of the Office of Federal Procurement Policy, outlined several initiatives underway now that would help agency IT contracting and acquisition officers better use shared services, become more innovative and strengthen relationships with vendors.

Retirement accounts at risk, auditors say; TSP board defends cybersecurity

Thrift Savings Plan accounts are vulnerable to hackers because of poor cybersecurity measures at the Federal Retirement Thrift Investment Board, sources say.