Skip to Highlights
Highlights

In connection with fulfilling our requirement to audit the financial statements of the U.S. government, we audited and reported on the Schedules of Federal Debt Managed by the Bureau of the Public Debt (BPD) for the fiscal years ended September 30, 2005 and 2004. As part of these audits, we performed a review of the general and application information security controls over key BPD financial systems. This report presents the issues identified during our fiscal year 2005 testing of the general and application information security controls that support key BPD automated financial systems relevant to BPD's Schedule of Federal Debt. This report also includes the results of our follow-up on the status of BPD's corrective actions to address recommendations that were contained in our prior years' audits and open as of September 30, 2004. We also assessed the general and application information security controls over key BPD financial systems that the Federal Reserve Banks (FRB) maintain and operate on behalf of BPD. We will issue a separate report to the Board of Governors of the Federal Reserve System on the results of such testing.

Skip to Recommendations

Recommendations

Recommendations for Executive Action

Agency Affected Recommendation Status
Bureau of the Public Debt The Commissioner of the Bureau of the Public Debt should direct the appropriate BPD officials to implement the nine new detailed recommendations set forth in the separately issued Limited Official Use Only version of this report.
Closed - Implemented
In connection with our audits of the fiscal years 2006, 2007, and 2008 Schedules of Federal Debt, we reviewed the status of actions taken to address the open information security control recommendations at the Department of the Treasury's Bureau of the Public Debt (BPD) data center identified during our prior years' audits. BPD management has implemented all nine recommendations.

Full Report