Bad Training at Issue in Gov. Accounting System | AccountingWEB

Bad Training at Issue in Gov. Accounting System

A new report released last week by the General Accounting Office finds that the accounting system running our nation's government is in peril due to a lack of security training of personnel and poor enforcement of security policies.

The Financial Management Services (FMS) arm of the Treasury Department is the agency responsible for operating the accounting and reporting system, as well as distributing money to Federal agencies. While the GAO found the FMS had made progress in outlining security issues--based on the GAO's 1998 findings--the agency still had a long way to go based on the 1999 audit.

For example, the audit discovered that routine items like passwords and user IDs were not managed properly--many even were given to users who had no need to access the data. The GAO also reported that the FMS did not have a contingency plan in place should something like a data recovery disaste occur.

An Adobe Acrobat version of the full report, 'Financial Management Service: Significant Weaknesses in Computer Controls' is available for downloading.

Wait, there's more!
There's always more at AccountingWEB. We're an active community of financial professionals and journalists who strive to bring you valuable content every day. If you'd like, let us know your interests and we'll send you a few articles every week either in taxation, practice excellence, or just our most popular stories from that week. It's free to sign up and to be a part of our community.
Premium content is currently locked

Editor's Choice

WHAT KIND OF FIRM ARE YOU?
As part of our continued effort to provide valuable resources and insight to our subscribers, we're conducting this brief survey to learn more about your personal experiences in the accounting profession. We will be giving away five $50 Amazon gift cards, and a $250 Amazon gift card to one lucky participant.
This is strictly for internal use and data will not be sold
or shared with any third parties.