Financial Management Service: Significant Weaknesses in Computer Controls

Resource Information

The work Financial Management Service: Significant Weaknesses in Computer Controls represents a distinct intellectual or artistic creation found in Boston University Libraries. This resource is a combination of several types including: Work, Language Material, Books.

Label

Financial Management Service: Significant Weaknesses in Computer Controls

Contributor

• GENERAL ACCOUNTING OFFICE WASHINGTON DC ACCOUNTING AND INFORMATION MANAGEMENT DIV

Subject

• Access
• Accuracy
• Computer Systems Management and Standards
• Computer applications
• Computer programs
• Control
• Data processing security
• Economics and Cost Analysis
• Financial management
• Information centers

Language

eng

Summary

The pervasive weaknesses we identified in FMS' computer controls at each of its data centers during our fiscal year 1998 audit renders FMS' overall security control environment ineffective in identifying, deterring, and responding to computer control weaknesses in a timely manner. Our follow-up on the status of FMS' corrective actions to address weaknesses identified in our fiscal year 1997 audit found that FMS had only corrected or mitigated the risks associated with 24 of 72 computer control weaknesses discussed in our "Limited Official Use report issued on July 31, 1998. During the fiscal year 1998 audit, we found new general computer control weaknesses in entitywide security planning and management, access controls, system software, and application software development and change controls. We also identified weaknesses in the authorization controls over all six of the key FMS financial applications we reviewed. In addition, we identified an accuracy control weakness over one of the six key FMS financial applications and a completeness control weakness over another one of the six key FMS financial applications

Cataloging source

DTICE

Index

no index present

Literary form

non fiction