Financial management systems : OMB's financial management line of business initiative continues but future success remains uncertain : report to the Chairman, Subcommittee on Federal Financial Management, Government Information, Federal Services, and International Security, Committee on Homeland Security and Governmental Affairs, U.S. Senate.

Format:

Book

Government document

Author/Creator:

United States. Government Accountability Office

Contributor:

United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs. Subcommittee on Federal Financial Management, Government Information, Federal Services, and International Security

Language:

English

Subjects (All):

United States. Office of Management and Budget--Information technology.

United States.

United States. Office of Management and Budget.

Information storage and retrieval systems--Finance.

Information storage and retrieval systems.

Information technology.

Physical Description:

1 online resource (ii, 52 pages) : illustrations

Other Title:

OMB's financial management line of business initiative continues but future success remains uncertain

OMB's FMLOB initiative

Place of Publication:

[Washington, D.C.] : U.S. Govt. Accountability Office, [2009]

Summary:

In March 2004, the Office of Management and Budget (OMB) launched the financial management line of business (FMLOB) initiative, in part, to reduce the cost and improve the quality and performance of federal financial management systems by leveraging shared service solutions and implementing other reforms. In March 2006, GAO reported that OMB's approach did not fully integrate certain fundamental system implementation-related concepts and recommended OMB take specific actions. This report discusses (1) OMB's progress in addressing GAO's prior FMLOB recommendations and implementation challenges and (2) the effectiveness of OMB's monitoring of financial management system modernization projects and their costs. GAO recommends that the Director of OMB take action to facilitate complete and accurate reporting of agency spending on financial management system modernization projects. GAO reaffirms its prior recommendations and emphasizes the need to address those that have not yet been completed.

Notes:

Title from title screen (GAO, viewed July 28, 2009).

"May 2009."

Includes bibliographical references.

"GAO-09-328."

OCLC:

429210998