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Governmental Accounting and Auditing Update Conference 2017


GAE1703 - OIG/CIGIE Hot Topics


Aug 7, 2017 10:55am ‐ Aug 7, 2017 12:15pm

Standard: $49.00

Description

The Digital Accountability and Transparency Act of 2014 (DATA Act) requires Federal agencies to submit spending data in accordance with newly established data standards for publication on USASpending.gov by May 2017. The DATA Act includes, in part, specific oversight expectations of inspectors general (IG) and the Government Accountability Office (GAO). Andrea D. Smith, Audit Director for Fiscal Service Audits at the Department of the Treasury, Office of Inspector General, leads the Federal Audit Executive Council’s DATA Act Working Group in educating the IG and government financial communities on the DATA Act oversight process. Ms. Smith led the efforts to develop the common methodology for IG audits mandated by the DATA Act. Ms. Smith, along with the Working Group, through its Common Methodology and Technical Approach Sub-groups, engaged Treasury, OMB, GAO, and technical experts across the IG community to solicit input. This common methodology is a tool IGs should use to evaluate and assess the completeness, timeliness, quality, and accuracy of the data submitted and their agency’s implementation and use of the data standards as required by the DATA Act. This session will include an overview of the DATA Act, Government-wide implementation efforts, how the IG community plans to meet its oversight responsibilities, and review the DATA Act common methodology guide.

Learning Objectives

  • Participants will have an understanding of the IG - DATA Act Oversight Requirements.
  • Participants will tools necessary to perform DATA Act required reviews.

Speaker(s):

Tags: Federal

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