Fourth Estate Service Hour Discussions - Washington-ASMC National ...

[Pages:16]Fourth Estate Service Hour Discussions

Washington-ASMC National Capital Region PDI March 10, 2016

Welcome

Mr. Mark Easton Deputy Chief Financial Officer, OUSD(C)

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Fourth Estate Service Hour Discussions

A Changing Fourth Estate Business Operations Landscape ? Demands on the Financial Management Community

? Budget Constraints ? Human Capital Initiatives and Implications ? Emerging Deputy Chief Management Officer (DCMO)

and Deputy Chief Financial Officer (DCFO) Roles in Support of the Financial Audit

? Increased Demands for Standardization and

Transparency

The Changing Business Environment within the Fourth Estate ? an FM Perspective

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Fourth Estate Service Hour Discussions

Panel Composition

? Mr. Mark Easton (Moderator), Deputy Chief Financial Officer, OUSD(C)

? DFAS Service Provider Perspectives

Ms. Audrey Davis, Principal Deputy Director, DFAS

? Working Capital Fund Perspectives

Ms. Gretchen Anderson, Director, Revolving Funds, OUSD(C)

? Financial Management Workforce Initiatives

Ms. Glenda Scheiner, Director, Human Capital and Resource Management, OUSD(C)

? TI-97 Appropriations Perspectives

Mr. Mark Enoch, Senior Budget Analyst, Defense-Wide Programs, OUSD(C)

? Fourth Estate Audit Strategy

Ms. Mobola Kadiri, Supervisory Staff Accountant, OUSD(C)

The Changing Business Environment within the Fourth Estate ? an FM Perspective

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Fourth Estate Audit Strategy

Ms. Mobola Kadiri Supervisory Staff Accountant, OUSD(C)

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OUSD(C) Audit Infrastructure

Fourth Estate Internal Control Program

Tier 2

Tier 3

Tier 4

23% Budget 15% Assets

(e.g. DLA, USSOCOM,

DISA)

DoD Designated Audits

4% Budget 2% Assets

(e.g. WHS, DARPA, DTRA)

DoD Designated Examinations

1% Budget < 1% Assets

(e.g. DHRA, DSS, DFAS GF)

Immaterial Entities

OUSD(C) Audit Infrastructure in Place to Support Fourth Estate

Internal Control ? Entity-Level Controls ? MICP ? End to End Process

Documentation ? Monthly Testing ? NFR CAP Tracking ? SSAE 16/CUECs

Substantive/ Supporting Documentation ? Universe of

TransacEtiloimnsinaantidons Reconciliations ? KSD Matrix ? Audit Liaison Process and Tools

Entity-Level Controls

MICP End-to-End Process Documentation Monthly Testing NFR/CAP Tracking

SSAE16 & CUEC Sessions

? DCFO sustains the following activities and controls across the Fourth Estate: ? Governance (control environment) ? Policy/Procedures (control activities) ? Training (information and communication and control environment) ? Risk assessment/fraud prevention (risk assessment and control activities) ? IT general controls (control activities)

? FIAR Director provides ultimate oversight and responsibility for MICP operations across the Fourth Estate, including overseeing that Reporting Entities are assessing risks, documenting and designing controls, testing the design and effectiveness of controls, and developing and implementing CAPs as needed

? FIAR maintains and provides the consolidated auditor with complete and accurate high-level Fourth Estate end-to-end process, system, and control documentation

? FIAR performs dual-purpose (internal controls and Key Supporting Documentation (KSD)) monthly testing for priority assessable units on a rotational basis

? FIAR: ? Tracks, compiles, and monitors all NFRs issued by auditors and IPA firms conducting examinations ? Monitors that the auditees are implementing and validating corrective actions to address each NFR ? Determines if additional Reporting Entities, in addition to the auditee, should respond to NFRs to leverage lessons learned across the Department

? FIAR:

? Conduct Service Provider (SP) working group meetings on status of all current SSAE 16s & NFRs

? Assist SPs on improving quality of existing DoD SSAE 16s and in implementing new SSAE 16s

? Leading workshops to document (control descriptions) and test controls to satisfy relevant CUECs

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DFAS Service Provider Perspectives

Ms. Audrey Davis Principal Deputy Director, DFAS

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DFAS Service Provider Perspectives

FY16 Annual Business Plan Goals

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