Whoa Nellie!
So I guess you have to be an old guy like me to remember Keith Jackson, long-time ABC Sportscaster, shouting “Whoa Nellie” but that’s what came to mind as I read the latest on the US Marine Corps audit saga. Apparently GAO has forced the DoD Inspector General to retract the Marine Corp’s clean audit opinion because of problems in the suspense accounts. Here’s a link to an article in Defense News with the details. I have opined on DoD audits on several occasions….first shouting with joy at the accomplishment, then wondering if it really mattered and...
Read MoreDATA ACT: MANY PATHS — SAME DESTINATION
There are two areas of the DATA Act implementation that I will briefly discuss. These two areas are closely linked together: XBRL as the standard for data; and the opportunity to leverage numerous approaches and software to obtain the goals of the DATA Act. XBRL as the Standard Having XBRL as the standard for data may indeed be the right long term goal. However, it is very likely that implementing XBRL as the standard for all data sources will not be complete until well after the deadline for implementation of the DATA Act. In the meantime, Treasury and OMB need to develop a strategy...
Read MoreCRS Publishes Summary of the FY2015 NDAA
This link is a good a summary as I have seen for the FY15 NDAA. Here’s the summary page: Read the CRS Summary here: Download (PDF,...
Read MoreMilitary Service SBR Audits Awarded
Here is a link to the recent DoD announcement regarding the award of audit of SBA to Army, Navy and Air Force. Box score: Army KPMG ~$13 Million Navy Cotton & Co. ~$9,9 Million Air Force Ernst & Young ~14.4 Million
Read MoreFormer Treasury Official, Richard L. Gregg joins H.J. Steininger PLLC
(Palm Beach Gardens, FL)—Former Fiscal Assistant Secretary of the United States Treasury, Richard (Dick) Gregg, joined H.J. Steininger (HJS) PLLC as a Managing Director, it was announced today. In his position with HJS, Gregg will be heavily involved in growing the HJS practice, which is focused on modernizing and improving federal financial management with an immediate emphasis on implementing financial and administrative shared services and the Digital Accountability and Transparency Act. Gregg recently retired after a second tour of duty at the Department of the Treasury. Earlier...
Read MoreLet It Go…..Let It Go…,the A-10 I mean.
I just reread the summary of the 2015 National Defense Authorization Act (NDAA) passed by the House on a vote of 385-98. At the end of the day, it appears that the House was not interested in agreeing with many of the cost cutting proposals that DoD had hoped for. Base Realignment and Closure (BRAC) is not an option (see Bric-a-BRAC) , and it looks like the Air Force can keep it’s A-10’s for now. When all is totaled up, the bill accounts for just a shade over $600 Billion in spending. That number is a far cry from what the sequestration number would have been, thanks to the...
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