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GAO-05-467R 1 (2005-04-18)

handle is hein.gao/gaocrptarng0001 and id is 1 raw text is: SGAO Accountability * Integrity Reliability United States Government Accountability Office Washington, DC 20548 April 18, 2005 The Honorable Van Zeck Commissioner, Bureau of the Public Debt Subject: Bureau of the Public Debt: Areas for Improvement in Information Security Controls Dear Mr. Zeck: 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, 2004 and 2003.2 As part of these audits, we performed a review of the general and application information security controls over key BPD financial systems. As we reported in connection with our audit of the Schedules of Federal Debt for the fiscal years ended September 30, 2004 and 2003, BPD maintained, in all material respects, effective internal control, including general and application information security controls, relevant to the Schedule of Federal Debt related to financial reporting and compliance with applicable laws and regulations as of September 30, 2004, that provided reasonable assurance that misstatements, losses, or noncompliance material in relation to the Schedule of Federal Debt would be prevented or detected on a timely basis. We found matters involving information security controls that we do not consider to be reportable conditions but that nevertheless warrant BPD management's attention and action. This report presents the results of our fiscal year 2004 testing of the general and application information security controls that support key BPD automated financial systems relevant to BPD's Schedule of Federal Debt and 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, 2003. In a separately issued Limited Official Use Only report, we communicated detailed '31 U.S.C. § 33 1(e). 2GAO, Financial Audit: Bureau of the Public Debt's Fiscal Years 2004 and 2003 Schedules of Federal Debt, GAO-05-116 (Washington, D.C.: Nov. 5, 2004). 3Reportable conditions are matters coming to our attention that, in our judgment, should be communicated because they represent significant deficiencies in the design or operation of internal control, which could adversely affect the organization's ability to meet the objectives of reliable financial reporting and compliance with applicable laws and regulations. GAO-05-467R Information Security Controls at BPD Page 1

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