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Management Report: Continued Improvements Needed in the Bureau of the Fiscal Service's Information System Controls Related to the Schedule of Federal Debt


Treasury's Fiscal Service issues debt to borrow money for federal operations, and reports the debt on financial statements called the Schedules of Federal Debt.

We audit and issue opinions annually on the Schedules and on related internal controls (e.g., processes to reasonably assure that transactions are properly authorized and recorded).

In FY 2022, Fiscal Service addressed 8 of our previous recommendations to correct weaknesses in Treasury's controls over information systems. But 15 related recommendations remain unresolved—posing risks, such as unauthorized access to, modification of, or disclosure of sensitive information.


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