FedInvest User Group

September 23, 200410am – 11am ET

AgendaAd Hoc Reports – FedInvest Demo Vicky Tucci

Year-End Reconciliations Jill Stalnaker

Update on new GAAP requirement – Art Murphy - FDICSecurities Subject to Impairment

Federal Investments Branch Report on Susan ChapmanInternal Controls – SAS 70

Location of the Next Federal Ann FallonInvestments Seminar

Intragovernmental Fiduciary Data Reconciliation

• Data entered into the Intragovernmental Fiduciary Confirmation System (IFCS) must be consistent with the flat file submitted to FMS’ Intragovernmental Policy & Analysis Team for input into IRAS

– TFM 2 – 4700– Federal Intragovernmental Transactions Accounting

Policies Guide

Intragovernmental Fiduciary Data Reconciliation

DUE DATES

IFCS – October 25, 2004

IRAS flat file – October 18, 2004

New GAAP Requirement

• Update from the FDIC on Securities Subject to Impairment

• EITF 03-1

SAS 70 – Report on Internal Controls

• Change in Date of Report to July 31

• 3 Findings in General Computer Controls

Federal Investments Seminar

May 2005

Location:DC?or

Parkersburg, WV?

Questions or Comments?