Financial Management
How Government Policies Inhibit Accurate Financial Reporting and Incur Vast Costs
There’s a clear case for reforming federal accounting standards and practices. Here are five places to start.
Watchdog: OMB Should Collect and Share Lessons Learned on COVID Grants Flexibilities
OMB “generally agreed” this is a necessary action.
GovExec Daily: Ten Years of Federal Performance Management
Georgetown's Dr. Donald Moynihan joins the podcast to discuss the reasons for optimism after a decade of the Government Performance and Results Act Modernization Act.
Watchdog: OMB Should Issue Guidance About Improper Payments With COVID Relief Funds
The full extent of the issue is not fully known yet, but there could be a “substantial” sum in mistaken payments, said the Government Accountability Office.
Biden Reportedly Will Nominate Janet Yellen to Become Nation’s First Female Treasury Secretary
If confirmed, Janet Yellen would be the first woman to ever hold the three most influential economic positions in U.S. government history.
Senator Questions Spending on Sea Lion Grants, Shutdowns and More
Annual report identifies “wasteful” federal spending as well as solutions.
Defense Department Fails Its Second Audit, Yet Is Making Progress
This was only the second audit completed for the Pentagon since a 1990 law required them.
Supreme Court Will Consider Whether Consumer Bureau’s Structure Is Constitutional
California-based law firm is arguing the bureau’s director has been given too much authority, violating the separation of powers.
Sen. Elizabeth Warren Asks Why The Justice Department Went Easy on Big Banks
After an article by ProPublica and American Banker examining how Justice softened settlements with RBS and Barclays, the presidential candidate blasts settlements that let banks “evade accountability.”
Report Shows Wide Variation in Financial Management Across Defense Agencies
Military branches were among the worst-performing entities on the department’s first comprehensive audit, analysis finds.
Senate Chairman Presses HHS to Do a Better Job of Curbing Medicaid Fraud
Seema Verma highlights CMS’s two-year-old focus on preventing improper payments.
State Dept. Employees Could Award Themselves Promotions, Watchdog Warns
Auditor notes need to enforce multiple approvals of personnel moves.
Featured eBooks
