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The report titled "DEFENSE BUDGET: Additional Information about Military Personnel Realignments Would Facilitate Congressional Oversight" analyzes the Department of Defense's realignment of Military Personnel (MILPERS) appropriations from 2013 to 2023, totaling $32.9 billion. It examines the factors influencing realignments and their impact on MILPERS program obligations. The report highlights the lack of transparency in reporting individual program-level realignments, making it difficult for decision-makers to exercise oversight. Recommendations are provided for the Department of Defense to revise its Financial Management Regulation and provide complete information on program realignments to Congress. The report emphasizes the importance of transparency and effective oversight in managing funding. [Extracted from the article]

The U.S. Government Accountability Office (GAO) has released a report on the Department of Veterans Affairs' (VA) Financial Management Systems. The report highlights the challenges faced by VA in replacing its outdated financial management system and the efforts made by the Financial Management Business Transformation (FMBT) program to implement a new integrated system. The report identifies areas where improvements can be made, such as developing more reliable cost and scheduling estimates, addressing user concerns, and enhancing risk management practices. The new system, called the Integrated Financial and Acquisition Management System (iFAMS), aims to improve transparency, accuracy, and timeliness of financial and acquisition information. However, the report raises concerns about the increasing costs and delays in the implementation of iFAMS. The targeted completion date for the program is 2030, but it is uncertain due to dependencies on other IT modernization efforts within VA. The Financial Management Business Transformation Program (FMBT) is taking steps to develop a reliable schedule using best practices. FMBT has established a clear governance structure and communication plan to ensure accountability and bridge organizational cultures. The program has also assessed user satisfaction and resolved user concerns through customer experience surveys and other approaches. FMBT's approach to identifying and addressing program risks is consistent with leading practices. However, there are risks and issues affecting the integration of the program with other IT systems, and FMBT needs to improve its documentation of risk response plans. Overall, FMBT has followed most leading practices in [Extracted from the article]

The Government Accountability Office (GAO) has conducted an audit of the Capitol Preservation Fund's transactions for fiscal years 2021, 2022, and 2023. The audit found that the Commission and Library of Congress had adequately designed and documented policies and procedures for the Fund's transactions. However, there were nine investment purchase transactions where the Library did not follow its policies and procedures. Overall, most of the Fund's transactions complied with laws and policies, and the Commission and Library followed their oversight and reporting procedures. The report concludes that there were no comments from key officials on the findings. [Extracted from the article]

The Senate Preservation Fund, established in 2003, is responsible for funding the acquisition of art, historical objects, and exhibits in the Capitol and Senate office buildings. The Library of Congress manages the financial aspects of the Fund. An audit of the Fund's transactions from fiscal years 2021-2023 found that the Commission's and Library's policies and procedures were well-documented and designed, ensuring that transactions were authorized, accounted for, and supported. All transactions were executed in accordance with policies, procedures, and applicable laws. The Fund's recorded transactions for fiscal years 2021, 2022, and 2023 consisted of investment-related transactions, resulting in an ending Fund balance of $514,577 at the end of fiscal year 2023. The Fund's transactions complied with applicable laws regarding the investment and use of Fund assets, as well as the required approvals for disbursements. The Chief Financial Officer of the Library of Congress and the Secretary of the Senate did not provide any comments on the report. [Extracted from the article]

The United States Government Accountability Office (GAO) conducted a study on the Department of Defense's (DOD) financial management and the Marine Corps' transition to the Defense Agencies Initiative (DAI) platform. The GAO found that the DOD and Marine Corps did not fully implement leading practices in estimating cost and schedule, measuring progress, and developing performance metrics. The Marine Corps underestimated the complexity and time required for the transition and did not include all costs and effort in its estimates. The GAO made recommendations to improve cost, schedule, performance measures, data migration, and change management, and the DOD concurred with most of the recommendations. The Marine Corps has completed its transition to DAI and received a clean audit opinion for fiscal year 2023. However, there were areas where their efforts did not fully align with leading practices, such as comparing DAI output reports with legacy output reports and determining realistic data conversion goals. The lack of complete information and performance metrics poses risks to future transitions to DAI. Recommendations have been made to address these issues and improve the implementation of DAI. The GAO conducted the performance audit from October 2022 to June 2024. [Extracted from the article]

This report from the United States Government Accountability Office (GAO) discusses the financial management of U.S. Immigration and Customs Enforcement (ICE). It highlights areas where ICE can improve its budget projections and execution, such as assessing the quality of its budget models and providing complete information to Congress. The report also mentions issues with budget justifications and the movement of funds within ICE and from other Department of Homeland Security components. It concludes by recommending that ICE improve its budget models, provide more information to Congress, and address staffing challenges. The Department of Homeland Security has agreed with all the recommendations. [Extracted from the article]

The U.S. Government Accountability Office (GAO) has analyzed two reports from the Department of Defense (DOD) on space acquisitions. The reports address challenges in the development of DOD space programs, including fragmented leadership and redundant oversight. The DOD has made changes to its acquisition policies, such as establishing the Adaptive Acquisition Framework for speed and agility. The GAO has assessed these changes and found alignment with their prior work. The reports propose various elements to improve the acquisition process, and the GAO has recommended actions for DOD to address challenges and strengthen Space Force acquisitions. The document is a report from the GAO on the assessment of these reports, conducted from July 2023 to March 2024, and will be sent to congressional committees, the Secretary of Defense, and other interested parties. [Extracted from the article]

The article focuses on the U.S. Department of Defense's (DOD) efforts to address deficiencies in its civilian payroll system, particularly for overseas employees, as identified by auditors' notices of findings and recommendations. Topics include the challenges faced by DOD in addressing open notices related to payroll processing, the specific issues identified in payroll records for overseas employees, and the department's corrective action plans to remedy these deficiencies.

The article focuses on the Office of Management and Budget's (OMB) and Department of Health and Human Services' (HHS) efforts to establish government-wide data standards for federal awards. Topics covered include partial deadline fulfillment, issues with data consistency and machine readability, and a lack of substantial stakeholder input and communication with Congress, all of which could impede successful grant data administration.

The article discusses the U.S. Employee Benefits Security Administration's (EBSA) evolving oversight of retirement and health plans. It highlights changes in resource allocation and management strategies. It reports shifts in case closures versus monetary recoveries, lack of clarity in current resource planning, and the EBSA's role in safeguarding benefits amid changing responsibilities and budget constraints.

The article focuses on the summary of the U.S. Internal Revenue Service's (IRS) financial statement audit for FY 2023, with topics including an unmodified audit opinion, absence of material weaknesses, and management assurances on internal control effectiveness and compliance with financial management system requirements. The summary also outlines non-conformances related to unpaid assessments and information system controls under the Federal Financial Management Improvement Act of 1996.

The article discusses the decline in the number of Confucius Institutes at U.S. universities and colleges, with most schools citing the potential loss of federal funding and external pressures as reasons for closing these institutes. It also explores the practices schools implemented to address concerns related to Confucius Institutes and how some institutions sought alternative sources of support for Chinese language and cultural programming after closing their Confucius Institutes.

The article present a U.S. Government Accountability Office (GAO) report on the evolution and innovation of the GAO to meet the changing needs of Congress. Topics include GAO's role as a force multiplier for Congress; its transformation from a financial management focus to a multi-disciplinary organization; mission to provide objective, nonpartisan information and recommendations to enhance government efficiency and effectiveness; and also mentions science, technology & cybersecurity expertise.

The article focuses on a memorandum from GAO's Financial Management and Assurance Team, providing updates on professional standards related to engagements conducted in line with Government Auditing Standards. Topics covered include effective dates for select standards and guidance issued from April to June 2023, including auditing and attestation standards, accounting standards, and regulatory guidance.

The article present U.S. Government Accountability Office (GAO) report on the Department of Defense's (DOD) ongoing efforts to address auditability and systems challenges in its financial management. It discusses that the department remains the only major federal agency without an unmodified (clean) audit opinion; the benefits of financial statement audits; the challenges in modernizing DOD's systems; and the need for comprehensive plans to achieve a clean audit opinion.

The document titled "DOD Financial Management: FY 2023 Financial Statement Audit Progress and Challenges" provides an update on the Department of Defense's (DOD) efforts to achieve a clean audit opinion on its financial statements. In fiscal year 2023, DOD reported total discretionary budget authority of $851.7 billion and total assets of $3.8 trillion. While DOD has made progress in addressing financial management challenges, it has not yet achieved a clean audit opinion. The Marine Corps received a clean audit opinion, but the DOD's department-wide financial statements received a disclaimer of opinion. Audits have helped identify assets, improved oversight and efficiency, and led to better management of funding obligations. DOD's auditors reported that 18 out of 29 components received disclaimers of opinion in FY 2023. DOD also had 28 material weaknesses in internal controls. The document highlights challenges and opportunities for DOD, including the need to address material weaknesses and fully resolve notices of findings and recommendations. As of May 2024, there are 53 open recommendations related to auditing and financial management for DOD. The Government Accountability Office (GAO) provides oversight of DOD's financial audits. [Extracted from the article]

The article provides update on the status of the U.S. Department of Defense's (DOD) implementation of priority recommendations by the U.S. Government Accountability Office (GAO). The recommendations cover areas including acquisition and contract management, readiness and force structure, accident prevention and safety, cybersecurity, financial management, driving enterprise-wide business reform, health care, sexual harassment prevention, and diversity, equity and inclusion.

The article highlights the importance of aligning the U.S. Department of Transportation's (DOT) Reconnecting Communities Pilot Program with leading practices. The program aims to repurpose highway infrastructure for community and economic development. Improved alignment will enhance future funding rounds and evaluate the program's effectiveness in reconnecting communities.

The article focuses on the Department of Defense's (DOD) implementation of recommendations made by the Government Accountability Office (GAO). It provides an update on the implementation of specific recommendations. It is further noted that these recommendations cover various areas, including acquisitions and contract management, rebuilding readiness and force structure, accident prevention and safety, cybersecurity and the information environment, and financial management.

The article provides information on the Department of Defense's financial statement audits, which have resulted in disclaimers of opinion and the identification of material weaknesses. The audits have helped uncover unknown assets and recommended improvements, but the DOD's plans for achieving a clean audit opinion lack crucial details, and the department has consistently missed target remediation dates, highlighting the need for improved audit roadmaps.

The article presents a summary of Professional Standards Update (PSU) No. 88 issued through a memorandum to the U.S. Government Accountability Office's (GAO) Financial Management and Assurance Team (FMA) on April 26, 2023. Topics include the two sections of the PSU which contained standards and guidance related to engagements conducted in accordance with the Government Auditing Standards, and Statements on Auditing Standards (SAS) from the American Institute of Certified Public Accountants.

The article offers information on the financial management deficiencies within the Department of Homeland Security (DHS), which have contributed DHS's financial management as high risk. Topics include how DHS is implementing a multiyear plan to address these issues; importance of modernizing financial management systems at its components; and DHS documents and plans related to modernization efforts.

The article reports that the Fiscal Year 2022 Financial Report provides an overview of the U.S. government's financial position and condition, and covers various financial topics and trends. The report is produced by the Treasury in collaboration with the OMB, which is a part of the Executive Office of the President. It includes a table of key indicators that highlight the government's financial position and condition.

The article reports serves to transmit the findings of the Government Accountability Office's (GAO) audit of the U.S. government's consolidated financial statements for the fiscal years 2022 and 2021. The GAO's audit has examined the government's financial statements for accuracy, completeness, and compliance with applicable accounting standards.

The article reports that in 1993, the Joint Committee on the Organization of Congress defined congressional oversight as the review, monitoring and supervision of the executive and the implementation of public policy. Topics include examines the report also described the separate oversight process available outside of the budget, reauthorization and appropriations processes.

The article offers information on representation of minorities and women and practices to promote diversity in financial services industry. Topics include information on data of Equal Employment Opportunity Commission (EEOC); increase in diversity in the financial services industry; and involvement of women in management positions.

The article highlights a report on the internal control deficiencies which were identified during audit testing of Federal Deposit Insurance Corporation's (FDIC) 2021 nonpayroll operating expenses, recommendations related to these new deficiencies, and the status of corrective actions FDIC took to address prior-year recommendations. It also mentons that FDIC agreed with the two new recommendations and described planned actions to address each recommendation.

The article presents a report from the U.S. Government Accountability Office (GAO) on the U.S. Department of Defense's (DOD) financial management of the F-35 Joint Strike Fighter (JSF) program and recommends actions to improve financial reporting of JSF assets. The report highlights steps taken by the DOD to address material weakness of the program including inventory count procedures to verify physical existence of JSF assets. It reviews DOD acquisition strategy and remediation developments.

The article informs on the U.S. Government Accountability Office report on the Department of Veterans Affairs (VA) Financial Management Business Transformation (FMBT) program. It examines VA has measured if Integrated Financial and Acquisition Management System is providing intended operational benefits; VA's organizational change management activities facilitating its transition to the new financial management system; and VA's data migration activities to cleanse, convert, and migrate data.

The article focuses on the U.S. Internal Revenue Service (IRS) Financial report for the fiscal year 2021. It mentions that the Congress and both administrations entrusted supplemental funding to support our nation's recovery from the COVID-19 pandemic. It states that IRS continued our tradition of fiscal integrity and commitment to ensuring strong financial management.

The article offers information on the U.S. Government Accountability Office's (GAO) Expertise and Services. It mentions the majority of the GAO work is evaluation of the federal government programs to improve government operation and financial benefits. It also mentions GAO conducting real-time analyses and technology assessments.

The article focuses on U.S. Department of Veterans Affairs (VA) has faced challenges in its efforts to deploy information technology (IT) initiatives. Topics include modernizing VistA and its financial and acquisition management systems; addressing cybersecurity issues; and implementing Federal Information Technology Acquisition Reform Act (FITARA) to manage IT investment risk.

The article reports that U.S. Government Accountability Office (GAO) observed the challenges limiting the ability of the U.S. Department of Veterans Affairs (VA) to effectively manage its assets. It mentions priority recommendations remain outstanding in areas related to asset management, such as staffing and capital planning. It also mentions calls for organizations to promote a culture of information-sharing across traditional agency boundaries.

The article presents a report of the Government Accountability Office (GAO) recommending the Centers for Medicare & Medicaid Services to develop and implement time frames. Topics include its aim to ensure the timely completion of Financial Management Reviews (FMRs); and the examination of CMS documentation and their status.

The article presents a report of Government Accountability Office recommending the Department of Defense (DOD) to implement comprehensive plans to improve its systems environment. Topics include establishment of performance measures for DOD's financial management systems strategy; and planning to measure values and verify and validate those values.

The article presents highlights on U.S. Government Accountability Office (GAO) on efforts of federal financial management for substantial progress made since enactment of the 1990 Chief Financial Officers (CFO) Act so that refinements will yield added benefits. Topics include inspectors general recommended improvements in government operations and prevented and detected fraud; and Department of the Treasury issued financial reporting guidance and a vision for federal financial management.

The article presents a report of the U.S. Government Accountability Office recommending the Department of Defense (DOD). Topics include that DOD should establish a mechanism to coordinate the military departments' efforts to integrate the cost of service contracts into their future-years defense programs; improvement of internet security and cyber hygiene practices; and management of reconciling fund balances, and internal controls.

The article presents a report on priority open recommendations related to Department of Treasury. Topics include operations returning to normal from the COVID-19 pandemic, implementing open recommendations to improve Treasury's operations and Information Technology workforce planning; Improving federal financial management; and Improving cyber security.

The article presents a report on priority open recommendations related to Department of Treasury. Topics include operations returning to normal from the COVID-19 pandemic, implementing open recommendations to improve Treasury's operations and Information Technology workforce planning; Improving federal financial management; and Improving cyber security.

The article presents Management Report: Improvements Needed in the Bureau of the Fiscal Service's Information System Controls Related to the Schedules of the General Fund from the U.S. Government Accountability Office. Topics include schedules of the General Fund which include controls over Fiscal Service financial systems relevant to the Schedules of the General Fund and associated recommendations to address them, and the Schedule of Changes in Cash Balance from Budget and Other Activities.

The article reports that according to the U.S. Government Accountability Office report to Congressional Committees, the National Nuclear Security Administration (NNSA) is required to implement common financial reporting to better understand the total costs of its programs. It mentions that the National Defense Authorization Act for Fiscal Year 2014 required NNSA to submit to Congress a plan for improving financial management of the nuclear security enterprise.

The article presents management assurances and audit results related to the U.S. Federal Trade Commission. Bureau of Consumer Protection. Topics include meeting objectives of the Federal Managers' Financial Integrity Act of 1982 (FMFIA), effectiveness of the Bureau's internal control over financial reporting under Section 1017(a)(4)(D) of the Dodd-Frank Act, and utilization of financial management systems.

The article presents a report from the U.S. Government Accountability Office on federal financial management. Topics discussed include the enactment of the Chief Financial Officers Act of 1990 (CFO Act) by the federal government to improve financial management, difficulty in continuation of annual agency financial statement audits and the use of emerging technologies for the federal financial management workforce.

The article focuses on the overall status of the Federal Deposit Insurance Corp.'s implementation of Government Accountability Office's (GAO's) recommendations including consumer protection for users of financial data aggregation services, derisking and stress testing of banking institutions. It also refers to government-wide high-risk areas.

The article focuses on the overall status of the U.S. Board of Governors of the Federal Reserve System's implementation of Government Accountability Office's (GAO's) recommendations including consumer protection for users of financial data aggregation services, derisking and stress testing of banking institutions. It also refers to government-wide high-risk areas.

The article offers insight to Government Accountability Office's audit of the U.S. government's fiscal years 2018 and 2017 consolidated financial statements. Topics discussed include use of accrual-based consolidated financial statements for the years; financial management problems at the Department of Defense; and effectively implement internal controls over estimating the cost of credit programs and determining the value of loans.

The article offers information on a report by U.S. Government Accountability Office (GAO) related to workforce, organizational structure, and budgeting of Department of Defense (DOD) acquisition programs. Topics discussed include government's role in developing and integrating key technologies; DOD's Financial Management Regulation that govern the formulation and presentation of DOD's budget request; and review of the factors affecting the workforce size, composition, and government personnel.

The article offers information about the financial management workforce and certification program of the U.S. Department of Defense (DOD). It reports that the DOD's financial management workforce, which comprises of approximately 54,000 civilian and military personnel, is responsible for managing a fiscal year 2018 department budget of nearly $660 billion and aims to ensure that DOD’s budget and financial expenditures support the country's security objectives.

The article offers information on the financial statements of the U.S. Internal Revenue Service (IRS) for fiscal years 2018 and 2018. Topics discussed include the internal control of agency's financial reporting, its compliance with laws, regulations, grant agreements and contracts, and challenges on financial management.

A report from the U.S. Government Accountability Office on the benefits of having Medicare is presented. Topics discussed include the advantages and challenges of Medicare payment adjustments, its risk adjustment for Medicare, the financial accounting for its functional status, and the financial incentives.