Insights

The success of an IT system transformation is dependent on the commitment and stability of program leadership and a continuity of knowledge of key program personnel. Federal agencies can easily spend multiple years, even decades, working to transform critical systems or migrate.

An adaptive data governance framework is necessary to keep pace with the rapid advancement of AI and automation tools. Agencies can mitigate the unique and unprecedented risks associated with these new technologies through a continuously evolving data governance framework that is tailored to the entity to ensure the appropriate stewardship of data, accountability, and privacy.

The National Institute of Standards and Technology (NIST) Special Publication (SP) 800-37, Revision (Rev.) 2, Risk Management Framework for Information Systems and Organizations: A System Life Cycle Approach for Security and Privacy, provides agencies with guidelines and a framework for authorizing information systems to operate.

This is a reprint of an article that appeared in the July 2024 AFERM Newsletter. Integration, as it relates to the maturity of agencies’ Enterprise Risk Management (ERM) programs, has been a hot topic recently. According to the Chief Financial Officer’s (CFO) Council and Performance Improvement Council (PIC), Playbook: Enterprise Risk Management in the U.S. Federal Government (ERM Playbook), “Successful integration of ERM into agencies’ day to day decision-making and management practices enables agencies to leverage opportunities and avoid, mitigate, and transfer risk, resulting in more resilient, effective, and efficient programs.”

This is a reprint of an article that appeared in the Winter 2024 issue of the AGA Journal. It previews AGA’s 2023 IG and State Auditor Survey, which was sponsored by Kearney. The full Survey will publish in February 2024.

The world’s business environments are constantly changing, and technology gives today’s accountants a chance to break free from the confines of their traditional roles. Tomorrow’s accountants could be beacons for transformative change, resulting in positive impact for their organization and clients.