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Blockchain and Intragovernmental Transfers (IGT): Proposed Inter-agency Agreement Pilot (IAA)

 

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Abstract

Booz Allen Hamilton

Despite considerable automation and process improvement, managing the financial and accounting systems and related information processes is inherently costly and time consuming for the Federal government. As it has for each of the past 20 fiscal years, the U.S. Government Accountability Office (GAO) issued a disclaimer of opinion on the FY 2015 Financial Report of the U.S. Government. In its report, GAO cited the government’s difficulty to “adequately account for and reconcile intragovernmental activity and balances between federal entities” as a material weakness and a major impediment to expressing an opinion.

Document Date: 
Apr 30, 2018
 
Author (organization): 
Booz Allen Hamilton
 
Document type: 
Sponsor Paper
 
Interests: 
Igniting Innovation Conference