Thousands of personal prosperity customers at imploded Silicon Valley Lender will get all of their money back, a stunning and abnormal outcome in the collapse of a U.S. money establishment. Below Federal Deposit Insurance coverage Company policies, lender depositors are insured to $250,000, with quantities in excess of that sum […]
Financial Management
What GAO Found For over 30 years, the Department of Defense (DOD) has initiated a variety of efforts and undergone several changes in organizational responsibility to help modernize its business and financial systems. However, these efforts and changes have not been fully successful to date. DOD is the only major […]
Air Force Main Information and facts Officer Lauren Knausenberger might be leaving in June, but she still has formidable ambitions for the year, which includes shoring up cybersecurity and pushing the division closer to zero belief. Moving to a standardized process stays a major priority, but the support also has […]
The Treasury Department’s Bureau of the Fiscal Service is looking to modernize the way the federal governing administration does business — and offering businesses a status update on its plans by the conclusion of the ten years. Fiscal Assistance not long ago gave agency chief economic officers an update on […]
Two leading Republican lawmakers are inquiring the Protection Office for a briefing on its “lax” financial management. The Protection Department failed its fifth-at any time department-vast audit, which was produced in November. In January, the Authorities Accountability Office noted that “serious control issues” are stopping Protection from getting total and correct documents […]
This tale by Patrick Adrian very first appeared in the Valley News on Feb. 28. NORWICH — An independent audit of town financial information very last fiscal yr identified a list of considerations with account administration, including unreconciled discrepancies, incorrect account balances and city expenditures made without composed consent of […]