Key Takeaways: High level understanding of key risk issues in government as well as areas needing improvement -- and where we -- as a financial community -- need to understand these priorities to engage and enable progress. Understanding of new (newer) technologies that are being leveraged to target additional investigations and help resolve issues.
Key Takeaways: Gain understanding of current GASB projects.
Key Takeaways: 1. Defining the Competency Model is a foundation to professional development in the area of grants. 2. Gain awareness of the role good grant skills will play in building the grants workforce. 3. The federal government needs reciprocity for grants managers across agencies. 4. Key government officials have firm views on standardization in Grants Management. 5. The federal government is making progress in defining Grants Management as a profession and plans standardization of the grants workforce in the future. 6. Understand the purpose of the AGA Grants Survey and in helping to define Grants Management.
Key Takeaways: - Call to action to begin adding visualizations and dashboards to agency sites - Learn how visualizations and analytics can support management and demonstrate evidence-based results with financial data
Key Takeaways: The CFO Council Audit and Reporting Working Group continues to develop and implement initiatives to streamline financial statement reporting at all levels of government. The Working Group also seeks to modernize the reporting and audit model more broadly with a focus on data and a risk-based approach.
Key Takeaways: -Constant communication is vital to overcome the barrier of not working in person. Remote work teams should benchmark performance with “goals for the day” and “goals for the week.” -Meeting organizers should be aware of the attendees' workload before structuring and preparing for meetings. For example, agendas and read-ahead materials are often essential to achieving the meeting goals and objectives. -Managers should be mindful of messaging. For example, written feedback can be misconstrued and taken badly because the physical expressions, body language, and voice intonations are not conveyed in an email. -Key challenges for working remotely include increased cybersecurity risks, contingency planning for disruptions in connectivity, and fewer networking and career opportunities. -Managers should be aware of the work-life balance of their teams.
Key Takeaways: Based on changes at DoD, gain insights into what could be next for the overall government FM function.
Key Takeaways: Remember, we are all in this together. The future is coming no matter what we do today, so we may as well prepare for the future. Consider the challenges that face your organization and explore ways you can plan to meet them in the future with the best technology available.
Key Takeaways: The COVID-19 pandemic forced rapid change in many areas of government mission delivery and mission support services. Agencies and organization with a continuous IT modernization strategy and those with agile leadership adapted most easily. Plan for agility and innovation over the next 5-10 years (at a minimum).
Key Takeaways: Smaller government organizations face both challenges and opportunities in ERM implementation that can differ from those of large organizations. Discover whether benefits outweigh the hassles.
Key Takeaways: FM leaders need specific, vital leadership skills and knowledge to succeed in their jobs.
Key Takeaways: - Know how to explain grant administration to an organization's management. - The complexities and risks associated with acceptance of federal funding are often misunderstood by decision-makers. - Understand some risks and findings from audits and reports. - New AGA grant resources and tools are available to help you!
Key Takeaways: Insights into key findings of “Managing Finances for the Future.” CFOs responded to the pandemic with agility; they centralized operations and coordinated to gather and distribute personal protective equipment. CFOs found guidance coming from different agencies confusing, but having experienced staff was critical in adapting quickly to fund reporting requirements. With data analytics and other reporting tools, they were able to enhance transparency and accountability. Long-term budget impacts remain unknown. CFOs have been able to turn certain short-term solutions into permanent processes, and staff remained productive in a telework environment. "Organizational Resiliency” – Findings to be determined. The CFO Survey explores the role of the CFO as the linchpin of agency operations. CFOs support other CXOs to reduce disruption and build resiliency across workforce, real estate investments, IT and planning.
A key area of review during financial statement audits is internal control. Several years have passed since the Green Book and OMB Circular A-123 were revised, and many agencies have incorporated the critical components of the guidance into their processes. In this session, examine the way revised guidance on internal control affects agencies beyond financial statements and how these changes can lead to improved agency operations.
Key Takeaways: An internal control review is conducted during a performance audit and can improve the results and the agency operations. Gain perspective from an agency that benefitted from an audit by implementing the suggested internal control improvements. Gain insights from an audited entity on how improved internal control guidance impacts audit scheduling, planning, performance and results.
Key Takeaways: -“Managing a virtual team requires managers to double down on the fundamentals of good management, including establishing clear goals, running great meetings, communicating clearly, and leveraging team members’ individual and collective strengths.” – Julie Wilson, founder of the Institute for Future Learning at Harvard University -Communication, trust, support and maintaining boundaries are key to successful management of a virtual environment and beyond. -Maintaining a culture of consistent collaboration, applying various technologies and tools that are agreed-upon by teams, and providing training to make sure these tools are used effectively is essential. 57% of government executives report COVID-19 increased awareness of training and upskilling needs among agency employees. 45% said COVID-19 revealed training inadequacies and lack of preparation to work remotely, while 39% said their employees have the necessary skills to embrace emerging technologies.
Key Takeaways: Gain a snapshot of what is underway within the IG community.
To help entities ensure responsible use of artificial intelligence (AI) in government programs and processes, GAO developed an AI accountability framework that encompasses key practices as well as assessment procedures.
Key Takeaways: • Four complementary principles that span across design, development, deployment, and continuous monitoring of AI systems • Key practices for entities using AI systems • Key questions for entities, auditors, and third-party assessors • Audit procedures with the types of evidence for auditors and third-party assessors to collect
In this session, you will discover how your individual communication and personality affect every aspect of your life. That is why one of the best things you can do to grow yourself and others is to understand your communication, personality, and what naturally drives you. When you recognize your strengths and weaknesses, you can give your best as you work with people around you.
Key Takeaways: Everyone you encounter is motivated differently, communicates differently, and views tasks and relationships differently. The Personality with A Purpose - D.I.S.C. session will help you achieve greater success when you learn to value your strengths as well as those of others.
Key Takeaways: Gather details about the ongoing Solar Winds attack, how attacks affected on-line educational systems, and why hackers tried to poison Florida's local water systems. Know more about internal controls that could protect you from attacks, how to improve them, and the value of controlling risk.
Inclusive leadership begins with "I." Great leaders know how to leverage Diversity, Equity & Inclusion (DEI) as an asset for personal, team and organization success. Fundamentals of inclusive leadership allow us to think differently about DEI and launch a journey from awareness, understanding and application of inclusive principles to the integration and sustainable behaviors of true inclusivity.
Key Takeaways: Inclusive leadership begins with personal responsibility and expands to cultural dexterity. It is optimal when fully integrated into an organization's culture. Our changing demographics make understanding and practicing inclusion a leadership differentiator -- both personally and professionally -- into the future. Leading business schools and corporate studies reveal a new business case for inclusion. Discover methods and tools to use to become an inclusive leader. Audience members will engage in polls and practice critical processes for leading diverse teams and going from good to great. Learn to optimize the power of inclusion and develop new people skills to drive your success and mission forward.
Key Takeaways: 1. Use enterprise risk management strategies to control risk. 2. A good internal control program is critical. 3. Oversight can be tailored to address risk.
Reducing improper payments demands a holistic approach. Accounts must be validated, but variables must be identified to determine the right mix of validation sources. The session covers the benefits of open architecture design and algorithms to optimize validation processes and technology.
Key Takeaways: Improper payments are a main topic of public sector payments in grappling with the consequences of increased value and volumes in volatile times. However, aspects of improper payments, such as patterns, account ownership, and account information, are old hat for payment providers, like large financial institutions. Best practices from the private sector can help reduce improper payments in government, including immediate risk decisions, preventative risk management, and a more efficient payment process. This session will debunk myths about a comprehensive source of validation information and reinforce the finding that no one solution can meet the requirements of various situations that require validation capabilities.
During the monumental pandemic that began in 2020, audit teams faced a number of new challenges.Many emerged from working remotely -- away from their federal, state and recipient offices. In a short period, what began as a tough challenge became a new way of working -- and it led to opportunities for efficiency, innovation and cost savings in performing audits.
Key Takeaways: - Understand the challenges faced by management and the OIG during FY 2020. - Several communication protocols were successful during completely virtual audits. - Specific technology innovations will support audit procedures in a remote environment.
Key Takeaways: SFFAS 54 has wide-ranging effects on federal financial reporting, systems and controls. Financial managers must take numerous actions to prepare for its implementation in fiscal year 2024.
The pressure to generate big ideas can feel overwhelming. Although we know that bold innovations are critical in today's disruptive and competitive times, we freeze up when a situation calls for breakthrough thinking. The key to success is going little. Instead of shooting for a $10 billion IPO or a Nobel Prize, the most prolific innovators focus instead on Big Little Breakthroughs — small, creative acts that unlock massive rewards over time. By building a daily habit of creativity, leaders and organizations can enjoy a high volume of small wins and a daily practice of micro-innovations. Small, simple ideas can drive gigantic results — and they pave the fastest route to the massive breakthroughs we seek.
Email replies that show up a week later. Video chats full of “oops... sorry no you go” and “can you hear me?!” Ambiguous text messages. Is it any wonder communication takes us so much time and effort to figure out? How did we lose our innate capacity to understand each other? Humans rely on body language to connect and build trust, but with most of our communication happening from behind a screen, traditional body language signals are no longer visible - or are they? In her keynote, Erica combines cutting-edge research with engaging storytelling to decode the new signals and cues that have replaced traditional body language across genders, generations, and cultures. In-person, we lean in, uncross our arms, smile, nod and make eye contact to show we listen and care. Online, reading carefully is the new listening. Writing clearly is the new empathy. And a phone or video call is worth a thousand emails. In this keynote, Erica will supercharge your teams with collectively understood rules that foster connection, build trust and drive innovation.
Key Takeaways: Through the panel discussion, attendees will observe: • Trends in integrating strategies on how to mitigate the financial risk of climate change in organizations. • Measuring and reporting on the impact on climate-related financial risk must be complete, honest, and forthright, and include demonstrable impacts of government programs to citizens and stakeholders. • Reporting on environmental metrics can help restore accountability and transparency in government. • Trust will increase if governments use credible reports on environmental metrics that are independently audited to promote reliability in the data.
Key Takeaways: Comprehend the benefits of an anti-fraud strategy and apply best practices to translate fraud risk management theory into practice in an agency.