SPECIAL NOTICE
R -- Request for Information - DATA ACT
- Notice Date
- 6/20/2014
- Notice Type
- Special Notice
- NAICS
- 541219
— Other Accounting Services
- Contracting Office
- Department of the Treasury, Office of the Inspector General, Treasury, Office of the Inspector General, HQ, 740 15th St., NW, Washington, District of Columbia, 20220
- ZIP Code
- 20220
- Solicitation Number
- TOIG14WHITEPAPER
- Point of Contact
- RoDonda B. Thompson, Phone: 2029278123
- E-Mail Address
-
thompsonr@oig.treas.gov
(thompsonr@oig.treas.gov)
- Small Business Set-Aside
- N/A
- Description
- The Unites States Department of the Treasury (Treasury) Office of Inspector General (TOIG) requests industry support in the form of a white paper describing a comprehensive framework of audit procedures that: (1) allows TOIG to oversee Treasury's discharge of its responsibilities under the Digital Accountability and Transparency Act of 2014 (DATA Act); and (2) allows TOIG and other Federal Agency Office of Inspector Generals (OIGs) to comply with their auditing and reporting responsibilities under the Act, while promoting the efficient use of Treasury, TOIG and Agency OIG resources. The purpose of the DATA Act is to: (1) expand the Federal Funding Accountability and Transparency Act of 2006 by disclosing direct Federal agency expenditures and linking Federal contract, loan, and grant spending information to programs of Federal agencies to enable taxpayers and policy makers to track Federal spending more effectively; (2) establish Government-wide data standards for financial data and provide consistent, reliable, and searchable Government-wide spending data that is displayed accurately for taxpayers and policy makers on USASpending.gov (or a successor system that displays the data); (3) simplify reporting for entities receiving Federal funds by streamlining reporting requirements and reducing compliance costs while improving transparency; (4) improve the quality of data submitted to USASpending.gov by holding Federal agencies accountable for the completeness and accuracy of the data submitted; and (5) apply approaches developed by the Recovery Accountability and Transparency Board to spending across the Federal Government. With efforts to fulfill this purpose, the DATA Act imposes certain requirements on Treasury, the Director of the Office of Management and Budget (OMB), OIGs of each Federal agency, and the Comptroller General. In brief, the DATA Act requires Treasury and OMB to: • establish Government-wide financial data standards for any Federal funds made available to or expended by Federal agencies and entities receiving Federal funds; • ensure this financial data is accurately posted and displayed on USAspending.gov (or a successor system); and • ensure the data standards established are applied to the data made available on the website. The Act also requires the OIGs of each Federal agency to: • review a statistically valid sampling of the spending data submitted under this Act by the Federal agency; and • submit to Congress and make publically available a report assessing the completeness, timeliness, quality, and accuracy of the data sampled and the implementation and use of data standards. The white paper should describe the methodology that would be used to develop the specific aspects of the comprehensive framework (e.g. audit programs, etc.). Considerations related to the development of the comprehensive framework of audit procedures would likely include, but may not be limited to: • The nature, extent and timing of audit procedures that TOIG would need to perform to effectively and efficiently oversee Treasury's development and implementation of data standards, processes, systems and products required to successfully comply with its responsibilities under the DATA Act. • Audit procedures that would allow TOIG and other Agency OIGs to comply with their responsibilities under Section 6 of the DATA Act in a manner that complies with Generally Accepted Auditing Standards, while promoting the efficient use of Treasury, TOIG and Agency OIG resources. • The appropriate resources (e.g., staffing levels, specialized expertise, timeframes, etc.) needed to effectively and efficiently execute the comprehensive framework of audit procedures in accordance with the requirements of the DATA Act. • The extent, if any, to which existing audit efforts within Treasury and other Agencies may be leveraged to comply with DATA Act audit requirements. In addition the white paper should describe the qualifications that the firm possesses, which would allow it to successfully consult on the development of the framework and include a list of any other work performed for the U.S. Department of the Treasury within the past 2 years. The white paper should be electronically submitted to RoDonda Thompson, Contracting Officer at ThompsonR@oig.treas.gov, no later than Monday, July 7, 2014.
- Web Link
-
FBO.gov Permalink
(https://www.fbo.gov/spg/TREAS/OIGT/OIGHQ/TOIG14WHITEPAPER/listing.html)
- Record
- SN03401442-W 20140622/140620234814-ac784b379c87b04a2425a3f9feacf32e (fbodaily.com)
- Source
-
FedBizOpps Link to This Notice
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