Gartner Research

Office of Management and Budget Circular A-123 Compliance Goes Beyond Internal Control

Published: 06 February 2006

ID: G00137267

Analyst(s): David McClure , John Bace

Summary

The federal government's directive on management's responsibilities for internal control has implications and opportunities that should be addressed beyond the stated objectives.

Table Of Contents
  • Major Changes to OMB Circular A-123
  • Impact of OMB A-123 on Nonfinancial Executives
  • Effective Date
  • Other Deadlines That Are Important
  • Penalties That Agencies and Their Executives Face if Material Weaknesses Are Reported
  • Possible Duplicated Effort With the Implementation of OMB A-123
  • Critical Tie-In With Federal IT Management
  • Impact of OMB A-123 on Organizations That Have Engaged in Third-Party Services
  • Connection Between A-123 Compliance and Improper Payment Controls

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