Audit of the Federal Housing Finance Agency’s Information Security Programs and Practices Fiscal Year 2024

Date Issued

Tuesday, July 30, 2024

Submitting OIG

Federal Housing Finance Agency OIG

Other Participating OIGs

Federal Housing Finance Agency OIG

Agencies Reviewed/Investigated

Federal Housing Finance Agency

Report Number

AUD-2024-006

Report Type

Audit

Agency Wide

Yes

Number of Recommendations

Questioned Costs

Funds for Better Use

Open Recommendations

This report has 5 open recommendations.

Recommendation Number	Significant Recommendation	Recommended Questioned Costs	Recommended Funds for Better Use
AUD-2024-006-1	No	$0	$0
FHFA should develop and implement policies and procedures to oversee FHFA’s background reinvestigation process, including oversight controls over FHFA’s service provider.
AUD-2024-006-3	No	$0	$0
FHFA should implement a process to monitor and ensure that background reinvestigations for relevant employees and contractors are conducted timely in accordance with FHFA and OPM standards.
AUD-2024-006-6	No	$0	$0
FHFA-OIG's Chief Information Officer should implement a process to monitor and ensure that background reinvestigations for relevant employees and contractors are conducted timely in accordance with FHFA-OIG and OPM standards.
AUD-2024-006-7	No	$0	$0
FHFA-OIG's Chief Information Officer should establish and implement a process to make suitability adjudicative determinations and take suitability actions for covered positions in accordance with OPM’s regulation under Title 5 CFR, Part 731.103.
AUD-2024-006-11	No	$0	$0
FHFA should complete the review and update of overdue SSPPs and Customer Control Plans in accordance with the existing related plans of action and milestones (POA&Ms).