From: FederalNewsRadio.com | 1500am
By Jason Miller
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While OMB wants agencies to have flexibility with enterprise risk management, A-123’s update of internal controls is more specific. The big difference in the new circular is OMB wants agencies to use internal controls across all facets of the agency, not just for financial management.
“We need to make sure we have controls in all of our IT systems, and certainly heightened interest with controls around cybersecurity,” he said. “What will be fascinating to people, when you look at the table of contents on A-123, you will see brand new sections around establishing and operating internal controls and also a new section around what is characterized as internal controls, additional considerations.”
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