GTAS and Closing Package Update
[Pages:20]GTAS and Closing Package Update
Jaime M. Saling April 18, 2018
The Issue: A Disclaimer of Opinion
Since 1997, the Bureau of the Fiscal Service has compiled agency financial data to prepare the consolidated Financial Report of the U.S. Government, and has consecutively received a disclaimer from GAO.
Three Primary Impediments
DoD
Compilation
IGT
2
LEAD ? TRANSFORM ? DELIVER
GTAS Update
? FY 2018 Reporting oNo changes to closing package process
? FY 2019 Reporting
DoD
Compilation
IGT
4
LEAD ? TRANSFORM ? DELIVER
Current State
Governmentwide Treasury Account Symbol Adjusted
Trial Balance System (GTAS)
Modules 6-8 Manual Entry
Governmentwide Financial
Reporting System (GFRS)
5
LEAD ? TRANSFORM ? DELIVER
System Environment for FR Compilation - FY 2018
Phase 1 Objectives: ? Gap analysis between GFRS/Cognos ? Compare production FR to FR produced from the parallel process ? Identify back office changes needed to support the new process (agency certifications
and closing package procedures)
6
LEAD ? TRANSFORM ? DELIVER
System Environment for FR Compilation - FY 2019
Phase 2 Objectives: ? Position FA to decommission GFRS ? Single point of entry for agency users ? Modernize certifications for Closing Package approvers ? Continue to support traceability between agency audited financial statements and
governmentwide statements
7
LEAD ? TRANSFORM ? DELIVER
What Does this Mean to You?
FY 2018 ? No Changes to the
Closing Package Process
FY 2019 ? No more GFRS! ? Is a full financial audit
needed on the Closing Package? (AUPs or Examination)
8
LEAD ? TRANSFORM ? DELIVER
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