Page 39 - Financial Report 2020

PRIVACY AND CIVIL LIBERTIES OVERSIGHT BOARD

Financial Management Systems Strategy

PCLOB strives to maintain and enhance financial management systems, processes, and
controls that ensure financial accountability and transparency, provide financial
management data and information to decision makers, and comply with federal laws,
regulations, and policy. Oracle is the agency’s system of record and is integrated with
various end-user applications to capture the agency’s financial transactions.

Federal Information Security Modernization Act

FISMA requires federal agencies to “develop, document, and implement an agency-wide
information security program to provide information security for the information and
information systems that support the operations and assets of the agency, including those
provided or managed by another agency, contractor, or other source.” In addition, FISMA
requires federal agencies to conduct annual assessments of their information security and
privacy programs, to develop and implement remediation efforts for identified weaknesses
and vulnerabilities, and to report compliance to OMB. The Board's Office of Chief
Information Officer (“OCIO”) performs a review of the Board’s compliance with FISMA
requirements each year. In accordance with FISMA and OMB Memorandum M-20-04, Fiscal
Year 2019-2020 Guidance on Federal Information Security and Privacy Management
Requirements, PCLOB submitted its FY 2020 metrics into the Department of Homeland
Security’s CyberScope application on November 2, 2020.

FY 2020 AGENCY FINANCIAL REPORT 30