The SAR theme focuses on balancing the operational advantages of mobile devices with the security risks inherent in a mobile environment. In the feature for the current semiannual report, we take a look at TVA’s use of mobile technologies to gain operational efficiencies and cost savings and the OIG’s role in helping TVA bolster security of its growing mobile device programs. Additionally, the report highlights our audit, evaluation, and investigative activities which identified more than $20 million in recoveries, fines, penalties, potential savings, and questioned costs as well as numerous opportunities for TVA to improve its programs and operations.Click here to read this report…
Over the past three years, the Office of the Inspector General (OIG) has performed several audits and evaluations covering certain TVA risks identified and assessed by Small Business Units/Business Units (SBUs/BUs) pursuant to guidance issued by TVA's Enterprise Risk Management (ERM) organization. In general, these audits and evaluations were designed to assess the adequacy of the respective SBUs'/BUs' strategies and/or actions to address these risks. We initiated this evaluation to assess the effectiveness of the ERM organization's role within TVA's overall risk management program. To aid in our assessment, we compiled the results of our prior audits and evaluations to identify common themes that bear on the ERM organization's effectiveness.
We found TVA has made improvements in its ERM program since the last OIG inspection in this area was performed in 2008, including the formalization of its risk management policies and procedures, continued efforts to drive the risk management culture into and across TVA, initiating efforts to improve the risk assessment process, and enhanced communications with the TVA Board of Directors and senior executives.
However, we also identified several areas for improvement that could prevent TVA from having an effective ERM program. The full summary of the report has been added to the Reports section of our Web site.
The TVA Office of Inspector General performs a crucial mission by providing independent and objective reporting to the TVA board, the Congress, and other stakeholders. The OIG does this through its audit, evaluation and investigative activities. By statute it is charged with promoting economy and efficiency throughout TVA while preventing and detecting fraud, waste, and abuse affecting TVA. TVA employees, contractors, and the public can help the TVA OIG fulfill its mission and make a difference at TVA by reporting any suspicions about fraud, waste and abuse to the OIG hotline system, known as Empowerline.