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Tag Archives: financial management

GAO: OMB Should Address Data Quality Challenges Ahead of Federal Spending Report Deadline

The Government Accountability Office has identified challenges in accounting, financial management systems and information technology security pose risks to agencies’ compliance with the Digital Accountability and Transparency Act, the GAO said Friday The legislation requires agencies to make federal spending data publicly available through USASpending.gov by May 2017. Auditors identified vulnerabilities in government-wide financial management systems used …

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DoD IG: Navy Lacks IT Strategy to Oversee Financial Mgmt Systems

The Defense Department‘s inspector general has reported that the U.S. Navy does not have an information technology strategy to oversee its financial management systems. DoD IG said Thursday auditors found that Navy personnel use financial management tools that do not meet standards for the preparation of auditable financial statements. The Navy and the Defense Finance and …

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Trump to Nominate Kearney & Co. Partner David Norquist as DoD Comptroller

President Donald Trump has announced plans to nominate David Norquist, a partner at Alexandria, Virginia-based certified public accounting firm Kearney and Co., as defense undersecretary, comptroller. Trump revealed his plans to name Norquist and five other individuals to several positions at the Defense Department in a news release published Thursday. …

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Grant Thornton: Survey Respondents Make Suggestions for Next Administration

Respondents in the American Society of Military Comptrollers’ 2016 survey of financial management professionals urge the next administration to conduct a comprehensive review of financial management information technology modernization efforts. Grant Thornton said Thursday,  the respondents have also recommended the incoming administration to develop mitigation strategies as well as focus initial …

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GSA, OMB Approve USDA as Shared Service Provider of CGI’s Financial Mgmt Software

The General Services Administration and the Office of Management and Budget have selected the Agriculture Department to serve as a shared services provider of CGI’s financial management platform. OMB and GSA’s office of unified shared services management gave USDA’s financial management services division approval to offer CGI’s Momentum software to other …

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VA Picks USDA as Financial Mgmt Shared Service Provider

The Agriculture Department has been chosen to replace the Department of Veterans Affairs‘ current financial management platform as VA’s federal shared service provider. VA said Tuesday the partnership with USDA reflects cross-agency efforts to increase financial transparency, mitigate duplication and redundancy and increase the quality and agility of administrative services in the government. Edward Murray, VA interim …

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