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    Activity 8 - MINE ENVRONMENTAL MANAGEMENT - JONIVEN P ROLLAN JR

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    Joniven Rollan
    The document summarizes key parts of the Digital Accountability and Transparency Act (DATA Act) of 2015 and Chapter 18 of the DATA Act of 2004-54. The DATA Act of 2015 requires federal agencies to publish standardized, machine-readable financial data to improve transparency. It establishes rules for federal contracts and grants. Chapter 18 extends oversight of government contractors and requires additional financial disclosures and controls. Both acts aim to increase accountability and ensure taxpayer funds are used appropriately.

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    Activity 8 - MINE ENVRONMENTAL MANAGEMENT - JONIVEN P ROLLAN JR

    Uploaded by

    Joniven Rollan
    14 views8 pages
    The document summarizes key parts of the Digital Accountability and Transparency Act (DATA Act) of 2015 and Chapter 18 of the DATA Act of 2004-54. The DATA Act of 2015 requires federal agencies to publish standardized, machine-readable financial data to improve transparency. It establishes rules for federal contracts and grants. Chapter 18 extends oversight of government contractors and requires additional financial disclosures and controls. Both acts aim to increase accountability and ensure taxpayer funds are used appropriately.

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    The document summarizes key parts of the Digital Accountability and Transparency Act (DATA Act) of 2015 and Chapter 18 of the DATA Act of 2004-54. The DATA Act of 2015 requires federal agencies to publish standardized, machine-readable financial data to improve transparency. It establishes rules for federal contracts and grants. Chapter 18 extends oversight of government contractors and requires additional financial disclosures and controls. Both acts aim to increase accountability and ensure taxpayer funds are used appropriately.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    14 views8 pages

    Activity 8 - MINE ENVRONMENTAL MANAGEMENT - JONIVEN P ROLLAN JR

    Uploaded by

    Joniven Rollan
    The document summarizes key parts of the Digital Accountability and Transparency Act (DATA Act) of 2015 and Chapter 18 of the DATA Act of 2004-54. The DATA Act of 2015 requires federal agencies to publish standardized, machine-readable financial data to improve transparency. It establishes rules for federal contracts and grants. Chapter 18 extends oversight of government contractors and requires additional financial disclosures and controls. Both acts aim to increase accountability and ensure taxpayer funds are used appropriately.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 8

    MINE ENVIRONMENTAL

    MANAGEMENT
     PREPARED BY: JONIVEN P ROLLAN JR
     Welcome everyone to the presentation on the
    highlights of the Digital Accountability and
    Transparency Act (DATA Act) of 2015 and
    Chapter 18 of the DATA Act of 2004-54.
    Overview
     The DATA Act is an act of the United States Congress
    designed to improve Federal government transparency and
    accountability. The act was enacted in May of 2015 with
    the goal of providing Americans better access to
    information about how their tax dollars are used by the
    Federal government. It requires the creation of standard,
    machine readable financial data across Federal
    organizations.
    Highlights of DATA Act 2015-02

     The DATA Act requires Federal agencies to aggregate, standardize, and publish financial
    data related to Federal spending. Additionally, the DATA Act establishes new reporting
    rules and requirements for certain Federal contracts and grants.
     The DATA Act instructs the Treasury Department and the Office of Management and
    Budget (OMB) to develop policies, rules, and procedures to implement the use of a Single
    Government-wide Accounting Standard, known as the Standard Data Element Framework
    (SDEF).
     The DATA Act also requires Federal agencies to create Data Service Organizations (DSOs)
    to coordinate with Federal agencies, financial institutions, and other organizations to
    facilitate the exchange of information and the publication of financial data.
    Highlights of DATA Act 2004-54,
    Chapter 18
     Chapter 18 of the DATA Act extends the authority of the Federal Acquisition Regulatory
    Council (FAR) in ensuring government contractors maintain strong financial controls.
     It requires government contractor to provide additional financial disclosure, establish
    internal control systems related to their financial operations, and to develop audit controls
    for transactions.
     Additionally, Chapter 18 establishes rules for Federal agencies to ensure payment accuracy
    and stewardship and repayment of taxpayer dollars provided to contractors for services.
    Conclusion
     In conclusion, the Digital Accountability and Transparency Act of
    2015 and the requirements of Chapter 18 of the DATA Act of 2004-
    54 are designed to ensure the government is more transparent and
    accountable, and that taxpayer funds are used in an appropriate way.
    I hope this presentation provided an overview of the highlights of
    these acts, and that you have a better understanding of the levels of
    transparency, accountability, and oversight they are imposing on
    Federal agencies and contractors.
     References:
    • https://ngp.denr.gov.ph/images/PDF/ISSUANCE/dao-2004-29.pdf
    THAT’ ALL THANK YOU
    FOR LISTINENG

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