Guide offers best practices for accountability reports

A new how-to guide for agency financial managers offers useful tips for putting together annual accountability reports, those snapshot financial reports that are the federal equivalent of corporate annual reports. Although agencies have been strongly encouraged to produce the reports, they have not been required by law to do so; next year, the Office of Management and Budget will require all agencies to produce accountability reports that incorporate performance measurement data. The guide, "Accountability Reporting Trends & Techniques," by KPMG LLP's federal services division, evaluates the 2000 fiscal year accountability reports of 21 agencies. The scope and content of accountability reports varies considerably across agencies. The guide provides details on everything from how agencies formatted their reports, to the information they provided. Those agencies seeking to improve their reports, or those compiling reports for the first time next year, will find practical examples of how other agencies have successfully presented management information, financial and performance data and planning and mission goals. "We thought a document that demonstrated best practices would be useful," said John Hummel, a partner at KPMG. He offered a few words of advice for those agencies just getting started: start early, plan well and give one influential individual the responsibility--and authority--to pull together information from across the agency. For the sake of clarity and consistency, the staff compiling the report must be able to edit information and recast it to reflect a unified theme, or at least rewrite it using a consistent voice. One pleasant finding, Hummel said, was how good many of the accountability reports were. "I think all federal managers involved in preparing these reports should be commended for their work. These people worked very hard on these [reports] and they are excellent documents."
Stay up-to-date with federal news alerts and analysis — Sign up for GovExec's email newsletters.
FROM OUR SPONSORS
JOIN THE DISCUSSION
Close [ x ] More from GovExec
 
 

Thank you for subscribing to newsletters from GovExec.com.
We think these reports might interest you:

  • Sponsored by Brocade

    Best of 2016 Federal Forum eBook

    Earlier this summer, Federal and tech industry leaders convened to talk security, machine learning, network modernization, DevOps, and much more at the 2016 Federal Forum. This eBook includes a useful summary highlighting the best content shared at the 2016 Federal Forum to help agencies modernize their network infrastructure.

    Download
  • Sponsored by CDW-G

    GBC Flash Poll Series: Merger & Acquisitions

    Download this GBC Flash Poll to learn more about federal perspectives on the impact of industry consolidation.

    Download
  • Sponsored by One Identity

    One Nation Under Guard: Securing User Identities Across State and Local Government

    In 2016, the government can expect even more sophisticated threats on the horizon, making it all the more imperative that agencies enforce proper identity and access management (IAM) practices. In order to better measure the current state of IAM at the state and local level, Government Business Council (GBC) conducted an in-depth research study of state and local employees.

    Download
  • Sponsored by Aquilent

    The Next Federal Evolution of Cloud

    This GBC report explains the evolution of cloud computing in federal government, and provides an outlook for the future of the cloud in government IT.

    Download
  • Sponsored by Aquilent

    A DevOps Roadmap for the Federal Government

    This GBC Report discusses how DevOps is steadily gaining traction among some of government's leading IT developers and agencies.

    Download
  • Sponsored by LTC Partners, administrators of the Federal Long Term Care Insurance Program

    Approaching the Brink of Federal Retirement

    Approximately 10,000 baby boomers are reaching retirement age per day, and a growing number of federal employees are preparing themselves for the next chapter of their lives. Learn how to tackle the challenges that today's workforce faces in laying the groundwork for a smooth and secure retirement.

    Download
  • Sponsored by Hewlett Packard Enterprise

    Cyber Defense 101: Arming the Next Generation of Government Employees

    Read this issue brief to learn about the sector's most potent challenges in the new cyber landscape and how government organizations are building a robust, threat-aware infrastructure

    Download
  • Sponsored by Aquilent

    GBC Issue Brief: Cultivating Digital Services in the Federal Landscape

    Read this GBC issue brief to learn more about the current state of digital services in the government, and how key players are pushing enhancements towards a user-centric approach.

    Download
  • Sponsored by CDW-G

    Joint Enterprise Licensing Agreements

    Read this eBook to learn how defense agencies can achieve savings and efficiencies with an Enterprise Software Agreement.

    Download
  • Sponsored by Cloudera

    Government Forum Content Library

    Get all the essential resources needed for effective technology strategies in the federal landscape.

    Download

When you download a report, your information may be shared with the underwriters of that document.