GAO issues last financial systems checklist

The Government Accountability Office released its final checklist for federal financial systems requirements last week, signifying the end of an era in financial systems certification - responsibilities now shift to the Office of Management and Budget.

FY 2006 IT Budget Requests by Agency

How major IT projects fared by agency in 2006 request. Specific budget requests for Financial Management Systems are detailed.

Officials warn that more financial controls come with a price

Federal executives and independent analysts warned lawmakers against requiring more financial reporting without additional funding at a House Government Reform Subcommittee on Government Efficiency and Financial Management hearing on Wednesday.

Lawmakers seek earlier financial audits, fewer improper payments

Lawmakers and high-ranking federal executives said that agencies need to start preparing audits earlier and beef up efforts to stop improper payments during a hearing Wednesday of the House Government Reform Subcommittee on Government Efficiency and Financial Management.