ABSTRACT

Management Report: Improvements Needed in the Bureau of the Fiscal Service's Information System Controls Related to the Schedule of Federal Debt [March 17, 2022]   [open pdf - 217KB]

From a letter to Commissioner Timothy E. Gribben from Director Cheryl E. Clark Regarding Improvements Needed in the Bureau of the Fiscal Service's Information System Controls Related to the Schedule of Federal Debt: "[W]e determined that information system control deficiencies identified in prior audits that remained unresolved as of September 30, 2021, collectively represent a significant deficiency in Fiscal Service's internal control over financial reporting. Although the deficiencies are not a material weakness, they warrant the attention of those charged with governance of Fiscal Service. While the significant deficiency in internal control did not affect our opinion on Fiscal Service's fiscal year 2021 Schedule of Federal Debt, misstatements may occur in other financial information that Fiscal Service reported that it may not prevent, or detect and correct, on a timely basis because of this significant deficiency. While this significant deficiency in internal control over financial reporting continued to exist as of September 30, 2021, Fiscal Service made some progress in addressing information system general control weaknesses during fiscal year 2021. However, most of the target dates Fiscal Service established for fully addressing the remaining previously identified control deficiencies related to security management, access controls, and configuration management extend beyond fiscal year 2021. Consequently, nearly all of the deficiencies that contributed to the significant deficiency we reported as of fiscal year 2020 remained unresolved."

Report Number:
GAO-22-105569
Author:
Publisher:
Date:
2022-03-17
Copyright:
Public Domain
Retrieved From:
Government Accountability Office: http://www.gao.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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