Following passage of the CFO Act, policies and standards that govern federal systems were revised to advance quality of federal financial information. Various agency financial systems were upgraded, consolidated or modernized to support program delivery, safeguard assets and manage taxpayer dollars. While progress has been made, further opportunities exist to strengthen the availability of accurate, timely, and relevant financial information to support decision-making. Hear views from DOD and DHS as well as GAO and DOD OIG oversight perspectives on how these agencies have kept up with the need of providing better information, the gaps that impacts their ability to provide good financial and related data and what opportunities exist to close those gaps.
How have financial systems evolved at DOD and DHS?
What gaps exist in the system that impacts their ability to provide good financial and related data?
What opportunity exists to close these gaps?
Director, Financial Management,
Department of Homeland Security
Director, Information Technology ,
U.S. Government Accountability Office