GAO: Federal Reserve has maintained effective internal controls over financial reporting relevant to the Schedule of Federal Debt. The Federal Reserve said one of the deficiencies had been resolved. GAO acknowledged the Federal Reserve is taking corrective actions, but cautioned of the consequences if they’re not successfully achieved. The Fed said it expected corrective action on one of two remaining recommendations to be completed by September as part of a transition to a new IT security program. The third item should be corrected by next year, the Fed said.”]
Source: https://www.govinfosecurity.com/steps-taken-to-fix-federal-debt-vulnerabilities-a-4680