Federal Reserve Banks: Areas for Improvement in Computer Controls

Abstract

In connection with fulfilling its requirement to audit the U.S. government's fiscal year 2000 financial statements, GAO reviewed the general and application computer controls over key financial systems maintained and operated by the Federal Reserve Banks (FRB) on behalf of the Department of the Treasury's Financial Management Service (FMS) and the Bureau of the Public Debt (BPD). On August 30, 2001, GAO issued a Limited Official Use letter detailing the results of the review. This excerpted version of the letter for public release summarizes the vulnerabilities identified and the recommendations made. This letter presents the results of the fiscal year 2000 tests of the effectiveness of general and application controls that support key FMS and BPD automated financial systems maintained and operated by the FRBs and the follow-up on the status of the FRBs' corrective actions to address vulnerabilities identified in the audit for fiscal year 1999.

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Document Details

Document Type
Technical Report
Publication Date
Dec 10, 2001
Accession Number
ADA397404

Entities

Organizations

  • United States Government Accountability Office

Tags

Communities of Interest

  • Cyber

DTIC Thesaurus Topics

  • Application Software
  • Computer Access Control
  • Computer Programming
  • Computer Programs
  • Computer Security Software
  • Computers
  • Control Systems
  • Data Centers
  • Database Management Systems
  • Financial Management
  • Information Security
  • Information Systems
  • Physical Security
  • Reliability
  • Security
  • Software Development
  • System Software

Readers

  • Defense Financial Management and Audit.