2 options
Financial management systems: VA should improve its risk response plans : Q&A Report to congressional committees / U.S. Government Accountability Office.
Connect to full text Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- United States. Government Accountability Office, author, issuing body.
- Language:
- English
- Subjects (All):
- United States. Department of Veterans Affairs--Information technology.
- United States.
- Information storage and retrieval systems--Finance.
- Information storage and retrieval systems.
- Finance, Public--Risk management--United States.
- Finance, Public.
- FMS (Information retrieval system).
- Physical Description:
- 1 online resource (14 pages) : colored illustrations
- Other Title:
- Financial management systems: Department of Veterans Affairs should improve its risk response plans
- GAO-24-106858 VA financial management systems
- Place of Publication:
- [Washington, D.C.] : U.S. Government Accountability Office, 2024.
- Summary:
- The Department of Veterans Affairs (VA) is responsible for administering benefit programs for veterans, their families, and their survivors. These programs include those for pensions, education, disability compensation, home loans, life insurance, vocational rehabilitation, survivor support, medical care, and burial benefits. VA's core Financial Management System is more than 30 years old and, according to VA, is extremely difficult to maintain, results in inefficient operations, requires complex manual work-arounds, and does not provide real-time integration between financial and acquisition information across VA. The new system is the Integrated Financial and Acquisition Management System (iFAMS), an enterprise resource planning cloud solution. FMBT has documented a risk management strategy consistent with leading practices. The risk management strategy includes qualitative and quantitative definitions of risk ratings and specifies four risk response strategies based on the risk's effect and probability ratings.
- Notes:
- "July 23, 2024."
- "GAO-24-106858."
- In scope of the U.S. Government Publishing Office Catalog and Indexing Program (C&I) and Federal Depository Library Program (FDLP).
- Includes bibliographical references.
- Description based on online resource; title from PDF title page (GAO, viewed July 24, 2024).
- OCLC:
- 1449653304
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.