Summary of Internal Control Issues Over the Peace Corps' Financial Reporting FY 2019

That the Peace Corps dedicate resources to develop, test, review, and update an Information System Contingency Plan (ISCP) for the Financial System that reflects the current operating environment including the use of cloud-based backups.

That the Peace Corps perform a risk assessment for the Odyssey system privileged users with incompatible system access and capture the results to follow the formal risk acceptance process.

That the Peace Corps remove backup responsibilities for system administrators.

That, when conducting the review of financial reports to ensure reasonableness, accuracy, and presentation, the Peace Corps confer with subject matter experts as to the accuracy of the information in the footnotes.

That, when conducting the review of financial reports to ensure reasonableness, accuracy, and presentation, the Peace Corps perform calculations to ensure that data presented in footnote tables is accurate and sums correctly.