Liquidating distribution worksheet
This is the accessible text file for FDIC OIG report number EVAL-14-003 entitled The FDIC’s Personnel Security and Suitability Program which was released on August 25, 2014.This text file was formatted by the FDIC OIG to be accessible to users with visual impairments.We have maintained the structural and data integrity of the original printed product in this text file to the extent possbile.Accessibility features, such as descriptions of tables, footnotes, and the text of the Corporation’s comments, are provided but may not exactly duplicate the presentation or format of the printed version.The portable document format (PDF) file also posted on our Web site is an exact electronic replica of the printed version.
Further, potential missed red flags in the backgrounds of individuals who have recently committed serious crimes have brought renewed public and Congressional attention to the criticality and quality of background checks. Applicants, appointees, and employees are also subject to mandatory bars outlined in 12 C. The FDIC primarily ensures the suitability of its employees and contractors and that the minimum standards of fitness and employment are met through the background investigations process.An Office of Personnel Management Federal Investigative Services (OPM-FIS) review of the FDIC’s personnel security and suitability program completed in April 2013, primarily covering calendar year 2011, made 11 recommendations for the FDIC to improve its program. The FDIC’s Security and Emergency Preparedness Section (SEPS) within the Corporate Services Branch (CSB) in the Division of Administration (DOA) receives, assesses, processes, and adjudicates personnel security and suitability cases for all FDIC employees, contractors, and subcontractors.In addition, an OIG contract audit completed in 2012 and an OIG audit of controls related to safeguarding sensitive information started in 2013 identified deficiencies in the performance of background investigations for contractors and employees, respectively. The FDIC relies heavily on a contractor for performing background investigation functions and providing personnel suitability support.In 2013, the FDIC implemented all 11 OPM-FIS recommendations and corrected the deficiencies identified in both OIG audits. The Corporation uses the OPM-FIS to conduct background investigations based on the risk level designation for the position the FDIC is filling.Our objective was to determine whether the FDIC is carrying out its PSSP efficiently and effectively. Evaluation Results During our evaluation, the PSSP was in a state of transition and various aspects of the program were evolving and being improved.
We evaluated (1) FDIC management’s overall administration of the program, including the extent to which applicable policies and procedures are in place and being followed; (2) oversight and administration of the contract supporting the program; and (3) the nature, extent, allowability, and reasonableness of costs incurred under the contract supporting the program. In furtherance of those efforts, the FDIC could strengthen controls in the following areas. Most preliminary clearance and adjudication determinations we reviewed were completed appropriately.