Corrective Action Report Issue and Milestone Schedule |
Date of Submission | |||||
First Quarter Update: | ||||||
Second Quarter Update: | ||||||
Third Quarter Update: | ||||||
End of Year Report: 12/27/02 | ||||||
Issue Title |
Issue ID 2000-6296 |
Organization Federal Prison Industries |
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Date First 12/05/00 |
Original Target for Completion 03/01/01 |
Current Target for Completion 01/31/04 |
Actual Date of Completion |
Issue Type (Organization Rating) |
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Source Title FY 2000 Integrity Act Review and |
Date of Source Report 12/05/00 and |
Issue Type (DOJ Rating) Material Nonconformance |
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Issue Description In May 2000, the Federal Prison Industries (FPI) implemented Millennium, which does not yet meet all the financial management requirements of Office of Management and Budget (OMB) Circular No. A-127. System generated reports require thorough review, analysis, and frequent corrections. FPI has weaknesses in system security, and weaknesses were reported in controls over inventories and accounts receivable, as well as in the financial statement preparation process. |
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What We Will Do About It The FPI is working with its contractors to correct weaknesses in inventories, accounts receivables, and the financial statement reporting process. Substantial progress has been made in these areas. FPI will implement policies and procedures to improve risk assessment/system security management. |
Milestones |
Original Target Date |
Current Target Date |
Actual Date of Completion |
1. Obtain system security certification. |
12/31/00 |
12/31/00 |
12/31/00 |
2. Obtain system security accreditation. |
03/01/01 |
03/01/01 |
06/30/01 |
3. Modify system procedures to comply with federal financial management requirements. Implement policies and procedures to improve risk assessment/system security management, including procedures for granting system access and providing employee security awareness training. |
03/01/01 |
01/31/04 |
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4. Correct weaknesses in control over inventories. |
03/15/02 |
01/31/03 |
12/13/02 |
5. Correct weaknesses in control over accounts receivable. |
03/15/02 |
01/31/03 |
12/13/02 |
6. Refine financial statement reporting process. |
03/15/02 |
01/31/03 |
12/13/02 |
How We Will Know It Is Fixed Minimal errors will be found in accounting processing, recording, and reporting. FPI has received system security certification and accreditation. Management's evaluation of this issue will be verified by the FY 2002 financial statement audit. |