Finance Forward: Accelerating Federal Finance Transformation

Early results from Federal agencies’ financial transformation initiatives have yielded benefits including improved citizen service and decision-making capabilities, but fewer than half of Federal IT and finance leaders believe their systems are very effective in critical areas such as financial planning, compliance, and data integrity, according to a recent MeriTalk survey conducted in partnership with KPMG. […]

AI

The COVID-19 pandemic has caused the adoption of AI technologies to accelerate, but a recent report shows industry leaders and government decision-makers say it may be moving too fast for comfort, especially when considering security risks. Nonetheless, government decision-makers remain confident in AI’s ability to improve bureaucratic efficiency. […]

Joseph Klimavicz, who retired as Department of Justice (DoJ) CIO at the end of last month, joined consulting firm KPMG in a managing director position. […]

Treasury

The Fiscal Year 2019 audit of the Treasury Department found enough control issues with the department’s government-wide cash management and Federal debt IT systems to warrant a management report on the deficiencies from Treasury’s inspector general and auditor KPMG. […]

data sharing

The Office of Inspector General (OIG) Export-Import Bank ((EXIM Bank) of the United States released KPMG’s independent audit report on EXIM Bank’s information security program for FY2018 on March 13. In the report, KPMG, a public accounting firm, provided 14 recommendations that “should strengthen…EXIM’s information security program.” […]

The Department of the Interior received 18 security-related recommendations in a KPMG Federal Information Security Modernization Act (FISMA) audit, which identified several information security risks across the agency. […]

SBA

The Small Business Administration’s (SBA) Office of Inspector General (OIG) found that the agency needs to improve compliance three key pieces of Federal IT Legislation, according to OIG’s semiannual report, released May 25 and covering October 2017 through March 2018. […]

The Department of Labor’s Office of Inspector General (OIG) said the agency needs to improve in two key legislative areas related to IT management, according to OIG’s semiannual report released Tuesday and covering October 2017 through March 2018. […]

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