Treasury OIG: IT deficiencies found in BFS information systems

“A new audit report released by the Treasury Department’s Office of Inspector General (OIG) has found deficiencies in the agency’s IT controls related to cash management and federal debt information systems.

The audit report – dated Dec. 30, 2020, and covering Fiscal Years 2019 and 2020 – says most of the IT problems were found in the agency’s cash management systems, including nine unresolved or new issues with that management system. The audit also provides an update on how the Internal Revenue Service (IRS) is doing on modernizing its IT systems during the coronavirus pandemic.

‘The Bureau of the Fiscal Service (Fiscal Service) relies on many information systems to manage government-wide cash and the federal debt. Fiscal Service made progress towards remediating prior-year information system control deficiencies,’ the report says. ‘However, Fiscal Service had unresolved and newly identified control deficiencies related to its general information technology controls over the government-wide cash and federal debt information systems.’

Among the shortfalls noted in the cash management system, the OIG audit cites that Fiscal Service ‘did not provide reasonable assurance’ that accounts were reviewed for compliance purposes, that systems were safe from unauthorized changes or losses, and that any potential security liabilities were investigated and fixed or addressed in a timely manner…” Read the full article here.

Source: Treasury OIG Audit Finds IT Deficiencies – By Lamar Johnson, January 6, 2021. MeriTalk.

0
Tags:

This topic contains 0 replies, has 1 voice, and was last updated by  Jackie Gilbert 8 months, 3 weeks ago.

  • Author
    Posts
  • #116244

    Replies viewable by members only

    0

You must be logged in to reply to this topic.

CONTACT US

Questions?. Send us an email and we'll get back to you, asap.

Sending

©2021 MileMarker10, LLC all rights reserved | Community and Member Guidelines | Privacy Policy | About G2Xchange FedCiv

Opportunities. Starting Points.

About our Data

The Vault is a listing of expiring contracts, task orders, etc. within a certain set of parameters, to include:

  • Have an initial total estimated contract value of $10 million or above
  • Federal Civilian Only – DHS, Transportation, Justice, Labor, Interior, Commerce, Energy, State, and Treasury Actions
  • NAICS codes include: 511210, 518210, 519130, 519190, 541511,
    541512, 
    541513, 541519, 541611, 541618,
    541690, 541720, 541990
  • Were modified within the last 12 calendar months
  • The data represented is based on information provided by the government

Who has access? Please note that ALL G2Xchange FedCiv Members will receive access to all basic and much of the advanced data. G2Xchange FedCiv Corporate Members will receive access to ALL Vault content (basic and advanced).

Feedback/Suggestions? Contact us at Vault@G2Xchange.com and let us know what you think. 

G2Xchange FedCiv

Log in with your credentials for G2Xchange FedCiv

Forgot your details?