The Financial Systems Integration Office (FSIO) released two important FMLOB publications this week.
The first release was version 4 of the Due Diligence Checklist (DDC) for Federal Shared Service Providers (SSP). The DDC is a list of questions used by the Office of Management and Budget (OMB), the Financial Systems Integration Office (FSIO) within GSA, and customer agencies to assess the abilities of potential and current SSP’s in several areas. The DDC replaces section 2.1 of the Migration Planning Guidance Document
The second release was the Common Government-wide Accounting Classification (CGAC) Structure along with associated frequently asked questions. The CGAC structure establishes a standard method for classifying the financial effects of government business activities and moves the Federal government closer to a single standard.