Three years of planning the implementation of the Digital Accountability and Transparency Act (DATA Act) came to fruition on May 9, 2017 as Federal agencies were required to begin reporting spending by using governmentwide, standardized data elements.
Prior to the DATA Act, agencies used differing data elements and definitions to report spending. Use of the Act’s open and uniform standards is meant to improve reliability and access to the government’s financial data.
Tag: Compliance
The Role of Contracting Professionals in Supply Chain Risk
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DownloadIn today’s interconnected world, supply chain risks, including cybersecurity threats, pose significant challenges for federal organizations. Contracting professionals are vital in overseeing and mitigating these risks throughout the procurement process. Thus, it is essential for contracting professionals to have the necessary skills, knowledge, and acquisition and contracting training to mitigate supply chain risk.
No, really. Are you Grant Ready?
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Read MoreIn the middle of last week, I was scrolling through my LinkedIn feed for the latest and greatest. And then I had one of those stop everything moments to read the posted article. One of our grants instructors was offering to volunteer her services to save Claude Moore Colonial Farm.
Who’s Claude and why does he have a farm?
OMB Releases 2017 Compliance Supplement
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Read MoreLast week, I was talking to Shane Jernigan (grants expert and blogger extraordinaire) about what he’d be working on before he leaves for vacation. And I correctly predicted that the 2017 OMB Audit Requirements, Appendix XI – Compliance Supplement (2017 Supplement) would come out late on Wednesday, and I’d have to write this post. The Federal Register gave me hope on Monday. But all 1,667 pages didn’t appear on the OMB website until Wednesday.
DATA Act Compliance Has Arrived
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Read MoreThree years of planning the implementation of the Digital Accountability and Transparency Act (DATA Act) came to fruition on May 9, 2017 as Federal agencies were required to begin reporting spending by using governmentwide, standardized data elements.
Prior to the DATA Act, agencies used differing data elements and definitions to report spending. Use of the Act’s open and uniform standards is meant to improve reliability and access to the government’s financial data.