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ID-76-50 1 (1976-03-11)

handle is hein.gao/gaobaabne0001 and id is 1 raw text is: UNITED STATES G 'EFA.ACCOUNTING OFFICE WASHINGTON, D.C. 20548 INTERKATIONAL DIVISiON FAAR 11 197G B-114823 lI #llh ll 11f 11111( 11f /l tliii HIll llt l The Honorable Stephen M. Dt*Brul, Jr. LM099920 President and Chairman Export-Import Bank of the A / United States Dear Mr. DuBrul: As you know, we have recently completed our audit of Eximbank's fiscal year 1975 financial statements. During the course of the audit we noted the following matters which if adopted could improve Eximbank's management. (1) Implementation of .a long-range automatic data processing (ALt) plan, (2) Establishment of both an offsite storage for backup computer files and programs and a disaster recovery plan, and (3) A requirement that banks provide more timely transfer of deposits. Although these matters did not affect our opinion on the financial statements and were not included in our let- ter to the Board of Directors. we are takini this opportu- nity to bring them to your attention. We also urge you to reconsider the suggestion for the establishment of an internal audit staff made to Eximbank in our February 25, 1975, management letter. ADP COMPUTER STEERING COMMITTEE tND LONG-RANGE ADP PLAN NEEDED The Bank's ADP operations have continued to expand to include such furictions as economic analyses, and the cost of ADP resources has increa,eP each year from about $258,000 in 1972 to about $386,0C in 1975 with an addi- tional increase of about $.0,000 budgeted for 1976. The irnortance of an effective and efticient ADP system to the Bank's operations, and the sizable investment in hDP ra- sources, suggests the need fo.- the formal development of a long-range AD-P plan. The plan for future system develop- ment efforts should include ID-76-50 BEST DOCUMENT AVAILABLE -7o~ LOc79%2O;2

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