FedCFO Search Engine

@FedCFO Twitter Feed

Tuesday, November 28, 2006

Auditors cite progress on SBA management challenges

The Small Business Administration made significant progress in boosting oversight of two lending programs in fiscal 2006 and improved its financial reporting and information technology security, according to a report from the agency's inspector general.

The IG's summary of the top 10 management challenges SBA faces in fiscal 2007 listed recent progress in nine of the 10 areas identified, though four areas had seen slippage over the past year as well. Overseers analyzed agency action on a series of specific recommendations in each area, rating the agency on progress.

The report noted significant progress in financial management and reporting, and said remaining goals have been clarified to underline the need for procedures and policies that ensure accurate, timely financial reports.

The report also recognized advances in several IT areas, including security program controls and access controls. But auditors noted that the resources available to maintain systems, manage IT security and security training, and provide technical support are "below what is generally necessary for an entity the size of SBA." They said resource shortages drain an already weak IT security program, and promised that additional audit work would spotlight the area.

-Jenny Mandel, GovExec.com

READ MORE...

1 comment:

Infosecuritylab said...

Information security awareness training is important for everyone computer user!!!
www.infosecuritylab.com

@FedCFO