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AGA Audio Conference Business Activity Monitoring BAM

2/15/2012. Integrity - Service - Innovation. 2. Overview. DFAS ObjectiveBAM MethodologyBAM ImplementationExpected Outcomes. 2/15/2012. Integrity - Service - Innovation. 3. Most internal control assessment methodologies apply a sequential approach:Plan Document, Access and Test RemediateThis traditional assessment approach normally produces small and much delayed returns since the focus is on rework and reaction, not on the early detection and remediation of31574

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AGA Audio Conference Business Activity Monitoring BAM

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    1. Integrity - Service - Innovation AGA Audio Conference Business Activity Monitoring (BAM) Ms. Martha Smith Defense Finance and Accounting Service February, 2008

    2. 2/16/2012 Integrity - Service - Innovation 2 Overview DFAS Objective BAM Methodology BAM Implementation Expected Outcomes

    3. 2/16/2012 Integrity - Service - Innovation 3 Most internal control assessment methodologies apply a sequential approach: Plan Document, Access and Test Remediate This traditional assessment approach normally produces small and much delayed returns since the focus is on rework and reaction, not on the early detection and remediation of deficiencies that are costing DFAS significant amounts of money every day. DFAS Objective

    4. 2/16/2012 Integrity - Service - Innovation 4 Plan Document, Access and Test Remediate An Enterprise Risk Management Program (ERMP)/BAM capability will produce significant savings for DFAS by focusing the compliance assessment process on results of real-time or near-real time Business Activity Monitoring and the integration of that capability within an enterprise risk management program. This approach will allow DFAS to prioritize compliance efforts on key business processes and associated control activities that have a high financial impact and maximize overall savings by preventing further losses. DFAS Objective

    5. 2/16/2012 Integrity - Service - Innovation 5 DFAS Objective The solution will help DFAS in fulfilling the following Federal requirements: Presidents Management Agenda Chief Financial Officers Act of 1990 Federal Managers Financial Integrity Act of 1982 OMB Circular A-123 (Rev.), Managements Responsibility for Internal Controls Government Performance and Results Act of 1993 Improper Payments Information Act of 2002 Prompt Payment Act of 1997 Government Waste Corrections Act of 1999 and 2000

    6. 2/16/2012 Integrity - Service - Innovation 6 DFAS Objective Enterprise Risk Management Program/Business Activity Monitoring (ERMP/BAM) will: Highlight, identify, monitor and track weaknesses in processes and systems Alert senior managers of current and potential problem areas Provide real time or near real time analysis of current and projected deficiencies Reduce improper payments Assist and supplement internal, operational and pre and post payment review processes Help to identify problem areas BEFORE an incident occurs

    7. 2/16/2012 Integrity - Service - Innovation 7

    8. 2/16/2012 Integrity - Service - Innovation 8 BAM Methodology

    9. 2/16/2012 Integrity - Service - Innovation 9 BAM Methodology, continued

    10. 2/16/2012 Integrity - Service - Innovation 10 BAM Implementation Process

    11. 2/16/2012 Integrity - Service - Innovation 11 Cycle 1, Spiral 1, Process Flowchart

    12. 2/16/2012 Integrity - Service - Innovation 12 Cycle 1 FBWT C1P1S2 Process Flow

    13. 2/16/2012 Integrity - Service - Innovation 13 Cycle 2 Phase I OnePay Process Flow

    14. 2/16/2012 Integrity - Service - Innovation 14 Cycle 3 READ Process Flow

    15. 2/16/2012 Integrity - Service - Innovation 15 Need for BAM

    16. 2/16/2012 Integrity - Service - Innovation 16 Expected Outcomes Efficient Operations

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