Controller Alert

CONTROLLER ALERT: Accountability for Funds Provided in Response to Natural Disasters

Controller Alerts are designed to bring your attention to emerging financial management issues where the Office of Management and Budget (OMB) believes further action may be warranted, but do not constitute official guidance or include specific tasks for agencies beyond consideration of appropriate steps to address the issue.  These Alerts are intended to make sure that the Chief Financial … Continued

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CXO Fellows Power Lunch: Tim Horne and Emily Murphy, GSA

As part of the CXO Fellows Power Lunch series, GSA Fellows met with Tim Horne, GSA Acting Administrator and Emily Murphy, Senior Advisor to the Administrator. The event created an opportunity for CXO Fellows to foster a connection with GSA leadership as well as their cross-functional peers. The fellows represented acquisition, finance, and IT function … Continued

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2018 CXO Fellowship Application Period Closes August 17, 2017

Nominations are now being accepted for the 2017-2018 CXO Fellows Program, a continuing partnership between the CFO, CAO, CIO Councils and for the first time the CHCO Council. The mission of the CXO Fellows program is to invest in outstanding federal employees (GS 9-14) by broadening their knowledge of government management functions and foster cross-government … Continued

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FY 2016 Government-wide Improper Payment Rate

The FY 2016 government-wide improper payment rate is 4.67 percent.  This represents an increase from the FY 2015 publically reported government-wide rate of 4.39 percent.  This FY 2016 figure corresponds to an improper payment dollar amount of $144.4 billion, which is also an increase over the FY 2015 publically reported government-wide dollar amount of $136.9 … Continued

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Updating Progress on COFAR Priorities for FY 16-17

The COFAR Principals, led by the Controller of OMB, meet annually to discuss progress and set future priorities. In November 2015, the COFAR finalized and approved the FY16-17 Council priorities. The COFAR has publicly posted its priorities on the COFAR website since 2013 as a best practice to increase transparency of its activities and hold itself … Continued

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CFO Council Releases Study: “Agency Implementation of Payment Recovery Audit Requirements”

The Chief Financial Officers Council (CFOC) recently completed a study entitled “Agency Implementation of Payment Recovery Audit Requirements.”  This report was prepared in accordance with the Improper Payments Elimination and Recovery Act of 2012 (IPERA, P.L. 112-248). This report consists primarily of review and analysis of Agency Financial Reports (AFRs) or Performance and Accountability Reports … Continued

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CFO Council Launches Career Tool for Federal Financial Management Workforce

Today, the CFO Council launched a development tool for careers in Federal financial management, mycareer.cfo.gov. The result of months of interagency collaboration, the tool provides a roadmap for current and future Federal financial management employees to chart their careers. The roadmap makes clear what competencies are needed to progress and excel as a member of … Continued

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A-123 and ERM Playbook Previewed at Federal Enterprise Risk Management Event

On June 29, OMB Controller David Mader led an event at the Partnership for Public Service about Federal Enterprise Risk Management. The event included an update on the A-123 Circular, expected to be released in July. The A-123 Circular presents a government-wide enterprise risk management (ERM) framework which will be rolled out over the next … Continued

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