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Posted by on Sep 3, 2019

What’s Really at Risk?

What’s Really at Risk?

The Government Accountability Office (GAO) publishes Standards for Internal Control in the Federal Government (also known as the Green Book), which defines, among other things, four principles of risk assessment. In short, they are:
1. Define objectives and risk tolerances
2. Identify, analyze, and respond to risks
3. Assess fraud risk
4. Identify, analyze, and respond to change

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Posted by on Aug 7, 2019

Paying for Federal IT Modernization

Paying for Federal IT Modernization

One of the themes in the President’s Management Agenda (PMA) focuses on eliminating the discrepancy between the American people’s experiences dealing with the private sector and their experiences interacting with the Federal Government. For many Federal Agencies, bridging this gap will require an overhaul of information technology (IT) assets and processes.

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Posted by on Mar 26, 2019

Federal Workforce 101 Series (Part I) – Fiscal Year 2020 Budget Proposal Impacts  on Federal Workforce Engagement

Federal Workforce 101 Series (Part I) – Fiscal Year 2020 Budget Proposal Impacts on Federal Workforce Engagement

Coming off the heels of the longest Federal Government shutdown in history last month, news of the President’s fiscal year 2020 budget proposal and the many proposed changes to Federal pay and benefits might feel a bit hard to swallow for many Federal workers. On top of an all-too-familiar proposal to freeze Federal pay, President Trump’s budget also called for significant funding cuts and reorganization of many Federal agencies or elimination of some programs, altogether.

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Posted by on Mar 21, 2019

3 Key Themes Dominate the 2019 ASMC Regional Professional Development Institute Event

3 Key Themes Dominate the 2019 ASMC Regional Professional Development Institute Event

This year’s theme, “Who Dares Wins”, is the motto that originated with the British Special Air Service. The Deputy Chief Financial Officer (DCFO) of the Department of Defense (DoD), Mr. Mark Easton, was the keynote speaker – addressing this theme in a very thought-provoking and informative way. He conveyed that it’s a great time to be an FMer, and that while there are many challenges now and on the horizon, FMers are “Daring to Win” each day. Additionally, he provided a macro-level view of a few key financial management (FM) initiatives, including the undertaking of the largest audit ever, the impending roll-out of the FY20 budget, technological advances within the DoD, and more. It was great to hear about the progress being made by each of the Armed Services on their respective audits. They’re digging in, addressing findings, implementing corrective action plans, and establishing best practices.

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Posted by on Mar 5, 2018

Insights and updates from AGA’s 2018 National Leadership Training

Insights and updates from AGA’s 2018 National Leadership Training

I recently had the opportunity to represent Management Concepts at the Association of Government Accountants’ National Leadership Training (NLT) event at the Ronald Reagan Building in Washington, D.C. This two-day event is designed to develop and train government financial professionals to excel as leaders. Featured speakers included Dave DeLong, President, Smart Workforce Strategies and Mark Updegrove, CEO, National Medal of Honor Museum. The event drew hundreds of CEO’s, CFO’s, senior executives, PhD’s, CPA’s, senior managers, and future leaders from Federal, state, and local organizations across the U.S.

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Posted by on Aug 2, 2017

Use It or Lose It: Fiscal Year-End Spending

Use It or Lose It: Fiscal Year-End Spending

The end of the Federal fiscal year is well on its way, and that means funds may be made available to certain programs and activities for obligation before they expire on September 30. These funds usually flow from things that could not be executed as planned, or from reserves for contingencies that never materialized. How […]

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