OMB Memorandum M-17-04 (11/4/2016) provides additional guidance for federal agencies on implementing the DATA Act, emphasizing the technical aspects of reporting to, in accordance with the Federal Funding Accountability and Transparency Act of 2006 (FFATA), as amended by the Digital Accountability and Transparency Act of 2014 (DATA Act). The guidance has significant implications for federal agencies and data leaders, including Chief Data Officers, as it requires the establishment of robust internal controls and processes to ensure data integrity and transparency in federal spending. This document is pivotal in operationalizing spending transparency and ensuring compliance with federal transparency mandates.

The Memorandum outlines specific responsibilities for reporting financial information involving Intragovernmental Transfers (IGTs) and financial assistance awards containing Personally Identifiable Information (PII). It also requires agencies to assure the accuracy and reliability of the data submitted for display on, with the Senior Accountable Official (SAO) providing quarterly assurance over DATA Act data submissions.

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