In 2004 the US Department of Labour implemented a new managerial cost-accounting system. A commercial software tool was utilised at the departmental level and had each subordinate agency fashion models using the tool. The system integrated performance and financial data, benchmarked performance, provided trend analysis, and allowed for sensitivity analysis. Policies and procedures were updated, training conducted, and planned for refinements. On review the US General Accountability Office (GAO)...

BPIR Categories

11.1.4 Manage cash flow
11.4.1 Design/conduct internal/external audits
14.1.4 Gather and integrate performance data.

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