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Fiscal Year 2024 Financial Statements Audit Management Letter

Report Information

Date Issued
Report Number
OIG-AR-25-02
Report Type
Audit
Joint Report
No
Agency Wide
Yes (agency-wide)
Questioned Costs
$0
Funds for Better Use
$0
View report on Oversight.gov

Recommendations

  • Recommendation #1

    Enhance risk assessment procedures to enable proper identification of processes and controls over Guarantee Loan Cancellations to insure all loans canceled in [redacted language] are completely and accurately recorded in [redacted language].

  • Recommendation #2

    Reinforce controls over the review of the subsidy rates inputted into [redacted language] to address gaps identified in this NFR.

  • Recommendation #3

    Enhance processes and controls over insurance cancellations to ensure all transactions are recorded by [redacted language] and are completely and accurately recorded in [redacted language].

  • Recommendation #4

    We recommend that EXIM management design and implement monitoring controls to help ensure that password configurations for the [redacted language] are in compliance with the Standard Operating Procedures for [redacted language] Procedures and NIST SP 800-53, Revision 5.1, Release 5.1.1.

  • Recommendation #5

    We recommend that EXIM management design and implement monitoring controls to help ensure that access to develop and implement changes into production is appropriately segregated.