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AIMD-96-32R 1 (1996-01-18)

handle is hein.gao/gaobadwcj0001 and id is 1 raw text is: 




GAO          United States
             General Accounting Office
             Washington, D.C. 20548

             Accounting and Information
             Management Division

             B-270426


             January 18, 1996

             Mr. Carl Powell
             Director of Automation Resources
             Federal Reserve Automation Services
             701 E. Byrd St., 6th Floor
             Richmond, VA 23219

             Dear Mr. Powell:

             As part of our response to a request by Representative
             Henry B. Gonzalez, we reviewed general controls' over the
             computer financial information systems maintained by the
             Federal Reserve Automation Services (FRAS) in Richmond,
             Virginia. We limited our evaluation to those FRAS computer
             systems which support the Federal Reserve Bank (FRB) of
             Dallas.

             Our review identified weaknesses in the general controls over
             FRAS' computer systems. Addressing these matters will
             strengthen general controls and should improve the overall
             computer security environment. Corrective actions have been
             taken to address most of these weaknesses. The purpose of
             this letter is to advise you of the weaknesses we identified
             and their current status.






             'General controls are policies and procedures that apply to
             the overall effectiveness and security of an entity's
             computer operations and create the environment in which other
             related computer controls operate. General controls include
             the organizational structure, operating procedures, software
             security features, and physical protection designed to ensure
             that (1) only authorized changes are made to computer
             programs, (2) access to computer systems and data is
             appropriately restricted, (3) backup and recovery plans are
             adequate to ensure the continuity of essential operations,
             and (4) computer security duties are segregated.

                                          GAO/AIMD-96-32R FRAS General Controls


                                  r5 S 3

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