ISA-2015-3400

This pre-implementation audit was conducted to determine if the State's Core Banking system upgrade project at the Department of State Treasurer has significant risks that could jeopardize a successful go-live implementation on July 20, 2015. The State's Core Banking system manages the flow of moneys collected and disbursed by all State agencies, institutions, universities, and community colleges. Federal funds and taxes paid to the State also flow through this system. Our audit revealed the State's Core Banking system upgrade project has significant risks that could jeopardize a successful go-live if not addressed by the Department. Our audit found insufficient oversight from independent entities and a lack of documentation to facilitate the oversight puts successful completion of the project plan at risk. Second, the Department struggled to execute tests and track results which risks system readiness. Third, ineffective risk and issue management jeopardize identification and resolution of system development issues. Fourth, an incomplete and undocumented data verification plan and go-live implementation plan increase risk of data integrity issues and a justifiable go-live decision. The Department generally agreed with our findings and recommendations. Details about each item are provided in the Findings and Recommendations section of the report.