Leading Insights Blog

Vulnerability scanning can seem like a daunting task, but protecting the data is of the utmost importance in today’s ever-expanding digital world.

The National Health Care Anti-Fraud Association estimates that three to 10% of overall healthcare spend is fraudulent, which means that between $123 and $410 billion in U.S. healthcare spend is impacted.

Creating effective dashboards allows oversight and monitoring to move more quickly and gives the ability to focus on areas of concern that matter to stakeholders.

The Pandemic Response Accountability Committee (PRAC) is using new approaches, different from traditional oversight methods of the past. By breaking down traditional barriers and opening doors, PRAC leaders are applying a “best and brightest” approach, with ongoing collaboration, data analytics, resource sharing, better communication, and proactive and more concise reporting and spending transparency, all largely in a remote work environment.

The ingenuity of cyber-attacks is increasing every day, and each organization must have that same thought process when conceptualizing a Zero Trust environment.

To pass an audit, an agency must provide auditors with evidence from both FedRAMP and the agency’s authorizing official that supports the agency’s understanding of the shared responsibility for security controls, as well as the key roles of both a P-ATO and an agency‑issued ATO in maintaining effective implementation and use of a CSO.

Delivery of pandemic relief benefits required workarounds and innovative approaches under daunting circumstances. This experience led to the recognition of the need to invest in systems, technology, and streamlined but controlled processes to deliver benefits timely and accurately in the future.

The Information Age has created a universe of data requiring rapid organizational change. The volume, velocity, and variety of the data has resulted in disjointed systems, siloed repositories, and a lack of communication around common challenges. As data degrades over time, the amount of organizational effort required to correct it grows exponentially.

G-invoicing is not an all-encompassing solution; there are areas in which G-invoicing falls short, such as designing Internal Controls related to Intergovernmental Transactions (IGT) buying and selling, receipt and acceptance, and practical applications of G-Invoicing. Agencies will need to focus on key areas, including data element review, interface requirement review, and updates to Internal Control and process documentation, for G-Invoicing to be successful.

In order for DoD to implement an effective FBWT reconciliation, it must first fix its decades-old disbursing process, which has plagued its ability to identify and resolve FBWT issues.

While the idea of fraud can be daunting, Federal agencies must know their responsibilities to prevent/mitigate it.

Are you tired of losing Interagency Agreements (IAA) through lengthy e-mail communications? If so, then good news! On October 1, 2022, Federal agencies will be required to implement the new Department of Treasury (Treasury)-developed system, G-Invoicing, to execute any new IAAs.

Implementing a financial system can be a challenging exercise that is critical to the success of a financial institution. Robotics Process Automation (RPA) technology offers the promise of reducing time and cost from this process and helps improve its quality.

In September 2020, the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA) issued a new attestation standard that creates a new form of attestation engagement for independent practitioners to perform direct examinations of an underlying subject matter in addition to assertion-based examinations.

The future of the accounting profession is changing.