Follow-on Audit of FDIC's General Examination System Developme

March 31, 1999FOLLOW-ON AUDIT OF FDIC'S GENERAL EXAMINATION SYSTEM (GENESYS) DEVELOPMENT PROJECTAudit Report No. 99-020OFFICE OF AUDITSOFFICE OF INSPECTOR GENERAL37 RECOMMENDATIONSAPPENDIX II - TABLE: MANAGEMENT RESPONSES TO28 APPENDIX I - MEMORANDUM: CORPORATION COMMENTS24 CORPORATION COMMENTS AND OIG EVALUATION21 INFORMATION CAN BE IMPROVEDTRACKING AND REPORTING OF GENESYS COST-BENEFIT21 Recommendations18 BANK EXAMINATION DATAIMPROVED SAFEGUARDS NEEDED TO PROTECT CONFIDENTIAL18 Recommendations16 NEED FOR CONTINUITY OF EXAMINATION STAFF16 Recommendations14 GENESYS AUTOMATION EFFORTSBETTER INTERAGENCY COORDINATION NEEDED FOR FUTURE14 Recommendation11 GENESYS Testing Was Inefficient, Costly, and Not Always Effective10 Recommendations 8 Use of Evolutionary Prototyping 8 Recommendations 6 Feasibility and Cost-Benefit of Alternative Solutions Not Evaluated 5 DEVELOPMENT METHODOLOGYFDIC'S STRUCTURED GENESYS DID NOT FOLLOW THE 4 RESULTS OF AUDIT 3 OBJECTIVES, SCOPE, AND METHODOLOGY 2 BACKGROUNDTABLE OF CONTENTSMarch 31, 1999ts WTO: Demitros, Director, James Sexton, DirectorFROM: . SUBJECT: Follow-on Audit of FDIC's General Examination System(Audit Report No. 99-020)Audit of the General Examination System (GENESYS)designed to improve the FDIC's system development practices relative to GENESYS.management had taken some steps to improve the development practices for GENESYSBACKGROUND2safety and soundness examination process. GENESYS ...