Annual Plan - United States Department of the Treasury

Annual Plan

Fiscal Year 2014

OIG-CA-13-011

Office of Inspector General Department of the Treasury

Foreword

This annual plan outlines the fiscal year 2014 Department of the Treasury (Treasury) Office of Inspector General (OIG) audit and investigative priorities. The anticipated work focuses on Treasury's major initiatives and challenges, and takes into consideration OIG's Strategic Plan for Fiscal Years 2011-2015.

We have prioritized our resources to provide oversight of the most significant and highest risk Treasury programs and operations under our jurisdiction. For fiscal year 2014, our highest priorities are oversight efforts related to (1) the Dodd-Frank Wall Street Reform and Consumer Protection Act; (2) the Small Business Jobs Act of 2010; (3) the Bank Secrecy Act and USA PATRIOT Act of 2001; (4) the Resources and Ecosystems Sustainability, Tourist Opportunities, and Revived Economies of the Gulf Coast States Act of 2012 (RESTORE Act); and (5) the "Do Not Pay" Initiative.

Other areas of emphasis for fiscal year 2014 include mandated audits as required by the Government Management Reform Act, the Federal Information Security Management Act, the Federal Deposit Insurance Act, and the Improper Payments acts, among others. This plan also addresses various Congressional directives and areas of interest, including the Financial Crimes Enforcement Network's Bank Secrecy Act information technology modernization program, the Department's consolidation and redesignation of the Financial Management Service and the Bureau of the Public Debt as the Bureau of the Fiscal Service, as well as recent concerns with expenditures for travel, conferences, and awards.

The projects described in this plan address those areas of known and emerging risks and vulnerabilities, based on our assessment. As before, we encourage Department and bureau management to use this plan to identify areas for self-assessment and to take corrective measures when vulnerabilities and control weaknesses are identified.

September 2013

Treasury Office of Inspector General Annual Plan--Fiscal Year 2014

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Contents

Foreword ..............................................................................................................................................................i Overview..............................................................................................................................................................1

Mission Statement .......................................................................................................................................1 Background ..................................................................................................................................................1 Organizational Structure and Fiscal Resources ...........................................................................................1 Performance Measures................................................................................................................................2 Fiscal Year 2014 Priorities ...........................................................................................................................3 Treasury's Management and Performance Challenges...................................................................................8 Planned Projects by OIG Issue Area...............................................................................................................10 Treasury General Management and Infrastructure Support: Financial Management................................................10 Treasury General Management and Infrastructure Support: Information Security ....................................................15 Treasury General Management and Infrastructure Support: General Management..................................................22 Terrorist Financing, Money Laundering, and Foreign Assets Control........................................................................32 Government-wide Financial Services and Debt Management...................................................................................44 Safety, Soundness, and Accessibility of Financial Services ...................................................................................... 52 Revenue Collection and Industry Regulation.............................................................................................................62 Bill and Coin Manufacturing, Marketing, and Distribution Operations........................................................................68 Domestic and International Assistance Programs ..................................................................................................... 73 Gulf Coast Restoration Trust Fund Oversight............................................................................................................85 SBLF and SSBCI Operations .................................................................................................................................... 89 Appendix A: Office of Audit Fiscal Year 2014 Resource Allocation.........................................................93 Appendix B: Index of In-Progress and Planned Fiscal Year 2014 Audits by Issue Area..........................95 Appendix C: Index of In-Progress and Planned Fiscal Year 2014 Audits by Bureau/Office ..................101 Appendix D: Index of Projects under Consideration for Future Fiscal Years .........................................107 Abbreviations .................................................................................................................................................. 113

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