An Audit Report on the Department of Savings and Mortgage Lending Page: 4 of 28
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An Audit Report on
The Department of Savings and Mortgage Lending
SAO Report No. 09-049
Summary of Information Technology Review
Auditors assessed the information technology (IT) controls over databases the
Department uses to monitor institutions' financial data. Auditors evaluated
general IT controls such as logical access, program changes, physical security, and
disaster recovery. Auditors also evaluated application controls such as input
controls, process controls, and output controls.
Although the Department has implemented controls to protect its information
technology resources, it should strengthen certain controls in this area. For
example, control weaknesses resulted in inaccurate quarterly monitoring reports in
12 of 16 quarterly monitoring reports that auditors tested.
Summary of Objectives, Scope, and Methodology
The audit objectives were to determine whether the Department complies with
applicable statutes, administrative rules, and agency policy in:
Monitoring the safety and soundness of state-chartered savings banks.
Overseeing the savings banks identified as having a poor or deteriorating
financial condition.
The scope of this audit included activities related to the Department's monitoring
and examination of institutions from August 1, 2005, through March 31, 2009. The
State Auditor's Office is reporting a scope limitation because auditors were not
permitted to access certain records and could not determine whether the
Department complied with applicable statutes, administrative rules, and agency
policy in overseeing institutions identified as having a poor or deteriorating
financial condition.
The audit methodology included review of applicable laws, statutes, rules,
regulations, and Department policies and procedures; analysis of data from
Department information systems; review of examiner personnel and training files;
review of Department institution examination dates; and interviews with
Departmental employees and management.iii
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Texas. Office of the State Auditor. An Audit Report on the Department of Savings and Mortgage Lending, report, August 2009; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth518063/m1/4/: accessed May 4, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.