Management Report: Improvements Needed in the Bureau of the Fiscal Service's Information Systems Controls, Report to Ms. Sheryl Morrow, Commissioner, Bureau of the Fiscal Service, Department of the Treasury [open pdf - 160KB]
From the Document: "In connection with our audit of the consolidated financial statements of the U.S. government, we audited and reported on the Schedules of Federal Debt Managed by the Bureau of the Fiscal Service (Fiscal Service) for the fiscal years ended September 30, 2014, and 2013. As part of this audit, we performed a review of information systems controls over key Fiscal Service financial systems relevant to the Schedule of Federal Debt. As we reported in connection with our audits of the Schedules of Federal Debt for the fiscal years ended September 30, 2014, and 2013, Fiscal Service maintained, in all material respects, effective internal control over financial reporting relevant to the Schedule of Federal Debt as of September 30, 2014, based on criteria established under 31 U.S.C. § 3512(c), (d), commonly known as the Federal Managers' Financial Integrity Act. Those controls provided reasonable assurance that misstatements material in relation to the Schedule of Federal Debt would be prevented, or detected and corrected, on a timely basis. During fiscal year 2014, Fiscal Service made significant efforts and sufficiently addressed most of the internal control issues related to a significant deficiency in internal control that we reported for fiscal year 2013 concerning information systems controls."