Fiscal Service Remediation Steps for TAS/BETC Documentation
Explore the high-level steps undertaken by the Fiscal Service to manage TAS/BETC populations effectively, including gathering, confirming usage, and inactivating unnecessary permutations. Learn how the goal is to streamline the documentation process for better organizational purposes.
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
You are allowed to download the files provided on this website for personal or commercial use, subject to the condition that they are used lawfully. All files are the property of their respective owners.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author.
E N D
Presentation Transcript
General Fund TAS/BETC Project 05/05/2021
Agenda 1. 2. FY20 Audit Finding Overview Fiscal Service proposed remediation steps Data gathering and analysis Present Methodology to GAO (Mid to late Summer) Agency Confirmations of TAS/BETC relationships Establish Standard BETC documentation Establish Nonstandard BETC documentation Formalize review process for both Standard and Nonstandard 3. 4. 5. 6. Page 2 L E A D T R A N S F O R M D E L I V E R
FY20 Audit Finding Overview Supporting account attributes of active Treasury Account Symbols (TAS) Fiscal Service was unable to readily provide sufficient appropriate audit evidence to support the account attributes assigned to active TASs (including BETCs) Page 3 L E A D T R A N S F O R M D E L I V E R
Fiscal Service Remediation Steps High Level Steps for TAS/BETC population Gather all open and active TAS/BETC permutations Check these permutations to confirm usage Confirm inactivity with Federal Entities Inactivate unneeded permutations Goal is to reduce total population down to a much more manageable number for documentation purposes. Page 4 L E A D T R A N S F O R M D E L I V E R
Agency Confirmations Fiscal Service will send out a Data Call asking entities to confirm which TAS/BETC relationships are needed and which are not. Any conflicts between Federal Entities analysis and Fiscal Service s analysis will be handled on case-by-case basis. Data for Data Call and points of contact are still being compiled. Plan is to send out by end of May 2021. Page 5 L E A D T R A N S F O R M D E L I V E R
Standard/Nonstandard BETC Documentation Once we have a manageable population of TAS/BETC to work with we will divide the remaining population into two buckets: Standard BETC s Nonstandard BETC s Much of the remaining population (>90%) will be covered under the standard BETC documentation One-off documentation will be used to cover the various scenarios that comprise the Nonstandard BETC s Page 6 L E A D T R A N S F O R M D E L I V E R
Formalize review process for both Standard and Nonstandard BETC s As a final step, Fiscal Service will then formalize a regular and routine review process to ensure both Standard and Nonstandard BETC s are appropriately assigned to accounts year over year. Details on this are not available but will be communicated to agencies as they become available. Page 7 L E A D T R A N S F O R M D E L I V E R
QUESTIONS? Page 8 L E A D T R A N S F O R M D E L I V E R
Contact Information Luke Sheppard GFAB Manager Luke.Sheppard@Fiscal.Treasury.gov Joel Erb GFAB Supervisor Joel.Erb@fiscal.treasury.gov Jordan Benson GFAB Accountant Jordan.Benson@fiscal.treasury.gov Page 9 L E A D T R A N S F O R M D E L I V E R
