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Reporters’ Roundup: financial model revamp?

The federal financial model is not meeting the needs of federal chief financial officers and they want it changed. That is the major finding from a new survey o...

Federal News Network Staff

July 12, 2011 6:56 pm

< a min read

The federal financial model is not meeting the needs of federal chief financial officers and they want it changed.
That is the major finding from a new survey of federal CFOs by the Association of Government Accountants and Grant Thornton.

Cliff Williams is a partner with Grant Thornton and led the 16th annual AGA CFO survey. At the AGA’s annual performance development conference in Atlanta, he tells reporter Jason Miller about what CFOs say are their biggest concerns.
Agencies spent a billion dollars less on high risk contracts in 2010 than they did in 2009.
A new report by the Office of Federal Procurement Policy shows a 19 percent decrease in a specific type of high risk contracts.

Dan Gordon is the administrator of OFPP. He explains to reporter Jason Miller how the report shows a more accurate view of agency contracting.

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