S106: Improve Controls over ULOs, or You Lose
- Room: Orange County Ballroom
- Session Number:S106
Sunday, July 17, 2022: 2:30 PM - 3:45 PM
Description
Unliquidated obligations (ULOs) plague federal agencies. When appropriations expire and cancel, all unspent funds returns to Treasury. Yet, in some cases, funds could have been de-obligated and used for unfunded requirements. Dive into the world of ULOs with our experts and discover technologies to avoid losing ULOs.
Key Take-aways
Key Takeaways:
• ULOs are bad for business.
• ULOs can be used to pay for unfunded requirements.
• Prevent, review, address and/or adequately support ULOs with the right technology and processes.
Learning Objectives
Understand the common causes of ULOs and how to perform root cause analysis. Learn ways to implement technology solutions to improve internal controls that prevent and detect obligations you could lose as ULOs.