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Board Report: 2014-IT-B-003 February 26, 2014

Opportunities Exist to Achieve Operational Efficiencies in the Board's Management of Information Technology Services

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OFFICE OF INSPECTOR GENERAL
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
CONSUMER FINANCIAL PROTECTION BUREAU

February 26, 2014

Memorandum

TO:

Sharon Mowry
Director, Division of Information Technology
Board of Governors of the Federal Reserve System

FROM:

Andrew Patchan Jr. /signed/
Associate Inspector General for Information Technology

SUBJECT:

OIG Report No. 2014-IT-B-003: Opportunities Exist to Achieve Operational Efficiencies in the Board's Management of Information Technology Services

Attached is the Office of Inspector General's report on the subject audit. Our audit objective was to determine how information technology services are managed across the divisions of the Board of Governors of the Federal Reserve System (Board) and identify areas where operational efficiencies could be achieved.

We provided you with a draft of our report for review and comment. In your response, you concurred with our recommendations and outlined actions that have been taken or will be implemented to address our recommendations. We have included your response as appendix B to our report.

We appreciate the cooperation that we received from Board staff during our review. Please contact me if you would like to discuss this report or any related issues.

cc:

Donald Hammond
Michell Clark
William Mitchell
Geary Cunningham
Wayne Edmondson