Management Report: Areas for Improvement in the Bureau of the Fiscal Service's Information Systems Controls [June 29, 2017]   [open pdf - 278KB]

"During GAO's [Government Accountability Office] audit of the Schedules of Federal Debt managed by the Department of the Treasury's Bureau of the Fiscal Service (Fiscal Service) for the fiscal years ended September 30, 2016, and 2015, GAO identified nine new deficiencies in information systems general controls over key Fiscal Service financial systems that are relevant to the Schedule of Federal Debt. These control deficiencies related to access controls, configuration management, and segregation of duties. […] In addition, during GAO's follow-up on the status of Fiscal Service's corrective actions to address information systems control-related deficiencies and associated recommendations contained in GAO's prior years' reports that were open as of September 30, 2015, GAO determined that corrective actions were complete for 6 of the 10 open recommendations and that corrective actions were in progress for the 4 remaining open recommendations related to security management, configuration management, and segregation of duties. While GAO identified new and continuing control deficiencies relating to information systems that are relevant to the Schedule of Federal Debt, GAO does not consider them individually or collectively to be material weaknesses or significant deficiencies. The potential effect of these control deficiencies on the Schedule of Federal Debt financial reporting for fiscal year 2016 was mitigated primarily by Fiscal Service's compensating management and reconciliation controls designed to detect potential misstatements on the Schedule on Federal Debt. Nevertheless, these control deficiencies increase the risk of unauthorized access to, modification of, or disclosure of sensitive data and programs and disruption of critical operations, and therefore warrant the attention and action of management."

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Government Accountability Office: http://www.gao.gov/
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