Menu Search Account

LegiStorm

Get LegiStorm App Visit Product Demo Website
» Get LegiStorm App
» Get LegiStorm Pro Free Demo

Treasury: Auction Automation

  Premium   Download PDF Now (3 pages)
Report Type Reports and Testimonies
Report Date Dec. 16, 1992
Report No. IMTEC-93-14R
Subject
Summary:

GAO reviewed the Federal Reserve Bank of New York's Treasury Automated Auction System (TAAPS). GAO noted that: (1) it could not determine whether the Bank incorporated all detailed functional requirements into the system test plan because it did not document them in adequate detail; (2) there were no readily available data to evaluate the comprehensiveness of the system's test strategy without a complete set of detailed written requirements; (3) the stress test planned by the Bank was unnecessarily limited; (4) the stress test will not validate the acceptability of TAAPS performance when all 39 dealers are using the system simultaneously or the ability of the system to process bid data simultaneously with other applications on the mainframe computer system; and (5) the TAAPS system developer is conducting quality assurance tests.

« Return to search Government Accountability Office reports