Office of

 Inspector General

Semiannual Report to the Congress

April 1 through

September 30, 2012

Number 47

October 18, 2012

FARM CREDIT ADMINISTRATION
Farm Credit Administration Office of Inspector General

1501 Farm Credit Drive

McLean, Virginia 22102-5090

October 18, 2012

The Honorable Leland A. Strom, Chairman and Chief Executive Officer

The Honorable Kenneth A. Spearman, Board Member

The Honorable Jill Long Thompson, Board Member

Farm Credit Administration

1501 Farm Credit Drive

McLean, Virginia 22102-5090

Dear Chairman Strom and FCA Board Members Spearman and Long Thompson:

Enclosed is the semiannual report on the activities of the Farm Credit Administration’s (FCA or 

Agency) Office of Inspector General (OIG) for the period April 1 through September 30, 2012. This 

is the forty-seventh report since the establishment of the OIG on January 22, 1989. 

I am submitting this report in accordance with the Inspector General Act of 1978, as amended (IG

Act). Section 5(b) of the IG Act requires that the FCA Board send this report to the appropriate 

Congressional committees and subcommittees within 30 days after the date of this transmittal, 

accompanied by management’s report on the status of audit, inspection, and/or evaluation action 

items. 

On August 17, 2012, the OIG issued a final report on an inspection of Information Technology (IT) 

Equipment Acquisition. The inspection found the overall IT acquisition process was effective in 

determining the best and most cost-effective IT equipment for the Agency’s operations. 

Nevertheless, we identified areas where improvements could be made to increase transparency, 

accountability, and efficiency. Four agreed-upon actions resulted from this inspection. At the end of 

this rating period, all agreed-upon actions were closed.

The OIG issued a management advisory report on September 12, 2012, presenting the results from 

a Survey of the Farm Credit Administration’s Use of Social Media. Since FCA does not have an 

active social media presence, the OIG issued this report to highlight the issues that should be 

considered while evaluating the use of social media as an Agency communication tool. Additionally, 

we surveyed FCA employees to identify the extent that employees use social media and identified 

potential training needs. We also briefed the FCA Board on the results of our social media survey. 

The OIG contracted with the Bureau of the Public Debt for Brown & Company CPAs, PLLC, to 

perform the audit of FCA’s financial statements for fiscal year 2012. This audit was ongoing at the 

end of this reporting period. 
Also initiated and ongoing during this period is the OIG’s annual evaluation of the Agency’s 

compliance with the Federal Information Security Management Act. This evaluation is conducted by 

the OIG’s Senior IT Auditor. 

If you have any questions, please call me at 4241 or 4030. I look forward to continuing a positive 

relationship between the OIG and the FCA Board, which I view as a partnership striving to 

strengthen FCA operations.

Respectfully,

Carl A. Clinefelter

Inspector General

Enclosure
OIG SEMIANNUAL REPORT TO THE CONGRESS

APRIL 1 – SEPTEMBER 30, 2012

TABLE OF CONTENTS

EXECUTIVE SUMMARY........................................................................................ 1

BACKGROUND................................................................................................... 2

FARM CREDIT ADMINISTRATION........................................................................... 2

FARM CREDIT SYSTEM....................................................................................... 2

AUDIT, INSPECTION, AND EVALUATION REPORTS ISSUED..................................... 3

IT EQUIPMENT ACQUISITION....................................................................................... 3

AUDITS, INSPECTIONS, AND EVALUATIONS IN PROGRESS...................................... 3

FY 2012 INDEPENDENT FINANCIAL STATEMENT AUDIT OF FCA..................................... 3

FY 2012 FEDERAL INFORMATION SECURITY MANAGEMENT ACT EVALUATION................ 3

STATUS OF UNIMPLEMENTED RECOMMENDATIONS............................................. 4

MANAGEMENT ADVISORY REPORT ISSUED.......................................................... 4

AGENCY’S USE OF SOCIAL MEDIA................................................................................ 4

INVESTIGATIONS................................................................................................ 4

LEGISLATION AND REGULATIONS....................................................................... 5

OTHER ACTIVITIES............................................................................................. 6

QUARTERLY SURVEY OF FARM CREDIT SYSTEM INSTITUTIONS.................................. 6

STAFF PARTICIPATION IN ACTIVITIES WITHIN THE INSPECTOR GENERAL COMMUNITY..... 6

STAFF PARTICIPATION IN AGENCY ORGANIZATIONS................................................. 7

STAFF DEVELOPMENT........................................................................................ 7

ANNEX................................................................................................................ 7

APPENDICES

APPENDIX A – INDEX OF REPORTING REQUIREMENTS............................................. 8

APPENDIX B – AUDIT, INSPECTION, AND EVALUATION REPORTS ISSUED...................... 9

APPENDIX C – REPORTS WITH QUESTIONED COSTS............................................... 10

APPENDIX D – REPORTS WITH RECOMMENDATIONS THAT FUNDS

 BE PUT TO BETTER USE............................................................. 11

APPENDIX E – PEER REVIEWS CONDUCTED OF THIS OFFICE.................................... 12

APPENDIX F – PEER REVIEWS CONDUCTED BY THIS OFFICE..................................... 13

APPENDIX G – FCA ORGANIZATIONAL CHART......................................................... 14

APPENDIX H – OFFICE OF INSPECTOR GENERAL ORGANIZATIONAL CHART................... 15

APPENDIX I – GLOSSARY OF TERMS...................................................................... 16
OIG SEMIANNUAL REPORT TO THE CONGRESS

APRIL 1 – SEPTEMBER 30, 2012

1

EXECUTIVE SUMMARY

This Semiannual Report to the Congress summarizes the activities and 

accomplishments of the Farm Credit Administration’s (FCA or Agency) Office of 

Inspector General (OIG) for the period April 1 through September 30, 2012. The 

OIG’s efforts were directed toward implementing the OIG’s fiscal year (FY) 2012

strategic and operational plan and budget; performing audits, inspections, and 

evaluations of FCA programs and operations; conducting investigations, as 

necessary; independently and confidentially surveying Farm Credit System (FCS or 

System) institutions regarding the effectiveness of the Agency’s examination function 

and examiners; and providing objective, independent reporting and counsel to the 

FCA Board on FCA programs and operations.

During this reporting period, the OIG issued one inspection report. On August 17, a 

final inspection report on Information Technology (IT) Equipment Acquisition was 

issued. There were four agreed-upon actions that resulted and which were closed 

during this reporting period. See page 3 for further information.

The OIG issued a management advisory report on September 12, 2012, presenting 

the results from a Survey of the Farm Credit Administration’s Use of Social Media. 

We also briefed the FCA Board on the results. See page 4 for further information. 

The OIG contracted with the Bureau of the Public Debt (BPD) for Brown & Company 

CPAs, PLLC (Brown & Co.) to perform the audit of FCA’s financial statements for FY 

2012. This audit was ongoing at the end of this reporting period. 

Also initiated and ongoing during this period was the OIG’s annual evaluation of the 

Agency’s compliance with the Federal Information Security Management Act 

(FISMA). This evaluation is conducted by the OIG’s Senior IT Auditor. 

Additionally, the OIG issued two quarterly reports to the Chief Examiner and FCA 

Board on results of OIG surveys of System institutions regarding the examination 

function and the examiners. These reports were for the quarters ended March 31 

and June 30, 2012.

During this period, the OIG updated and issued its Strategic and Operating 

Performance Plan and Budgets for FYs 2013-2014 (SOPP). The SOPP is on the 

OIG’s website at http://www.fca.gov/Download/InspectorGeneral/Strategic&PerformancePlans/S&OPP13-14.pdf. 

Included in the SOPP is the OIG’s Audit Plan covering FYs 2013-2014 and beyond. 

The OIG maintains five positions: the Inspector General (IG), a Deputy Inspector 

General (DIG) and Counsel, a Senior Auditor, a Senior IT Auditor, and an 

Administrative Assistant. Appendix G and Appendix H reflect the organizational 

structure of FCA and the OIG, respectively.
OIG SEMIANNUAL REPORT TO THE CONGRESS

APRIL 1 – SEPTEMBER 30, 2012

2

BACKGROUND

Farm Credit Administration

The FCA is an independent Federal agency of the United States government 

responsible for the regulation and examination of FCS institutions chartered under 

the Farm Credit Act of 1971, as amended (Farm Credit Act). The FCA is also a 

“designated Federal entity” within the meaning of the Inspector General Act of 1978, 

as amended (IG Act). 

As a non-appropriated agency, FCA funds its expenses primarily through 

assessments to the institutions it regulates. The Agency’s FY 2012 budget was 

$60,812,899. Assessments by FCA to FCS institutions for FY 2012 were 

$54,100,000 with other sources of funding totaling $6,712,899. The OIG’s FY 2012

budget was $1,144,346. 

At the end of this reporting period, FCA had 282 employees, about half of which are 

examiners located in five field offices. At the end of the prior semiannual reporting 

period, the Agency had 285 employees. 

Farm Credit System

The FCS is a Government-sponsored enterprise comprised of 4 Farm Credit banks

and 83 lending associations, as of September 30, 2012, in all 50 states and Puerto 

Rico that primarily make loans to agriculture. The System raises funds by selling 

securities in the national and international money markets through its special 

purpose entity, the Federal Farm Credit Banks Funding Corporation. These 

securities are not guaranteed by the U.S. Government. 

The Federal Agricultural Mortgage Corporation (Farmer Mac), also a part of the 

FCS, is chartered by the Federal government to provide a secondary market for 

agricultural mortgage loans. Farmer Mac is publicly traded and issues its own debt 

securities.

Additionally, there are four active service corporations organized under the Farm 

Credit Act that provide services to FCS entities and eligible borrowers.
OIG SEMIANNUAL REPORT TO THE CONGRESS

APRIL 1 – SEPTEMBER 30, 2012

3

AUDIT, INSPECTION, AND EVALUATION REPORTS ISSUED

The OIG conducts all audits in accordance with Government Auditing Standards 

issued by the Comptroller General of the United States for audits of Federal 

organizations, programs, activities, and functions. Inspections and evaluations are 

conducted in accordance with the Council of the Inspectors General on Integrity and 

Efficiency (CIGIE) Quality Standards for Inspections. Copies of most OIG reports 

are available on the OIG web site at www.fca.gov/home/inspector.html, or by contacting 

the OIG at (703) 883-4030, or by TTY at (703) 883-4359, or by e-mail at 

ig_information@fca.gov.

Information Technology Equipment Acquisition

The OIG issued the final inspection report on August 17, 2012. The inspection’s 

objective was to assess the Agency’s acquisition process for IT equipment. While 

the inspection found the overall IT acquisition process was effective in determining 

the best and most cost-effective IT equipment for the Agency’s operations, four 

agreed-upon actions resulted. These agreed-upon actions will further strengthen the 

IT acquisition process. All agreed-upon actions were closed during this reporting 

period. 

AUDIT, INSPECTION, AND EVALUATIONS IN PROCESS

FY 2012 Independent Financial Statement Audit of FCA

The Accountability of Tax Dollars Act of 2002 required FCA and certain other 

agencies to submit to Congress and the Office of Management and Budget (OMB) 

an audited financial statement each fiscal year.

In continuing to assist the Agency in meeting these requirements, the OIG 

contracted with the BPD for Brown & Co. to perform the audit of FCA’s financial 

statements for FY 2012. The audit remained ongoing at the end of this reporting 

period.

FY 2012 Federal Information Security Management Act Evaluation

The evaluation of the Agency’s compliance with FISMA for FY 2012 is being 

performed by the OIG’s Senior IT Auditor, using guidelines established by FISMA, 

OMB, and the National Institute of Standards and Technology. This evaluation was 

ongoing at September 30, 2012.
OIG SEMIANNUAL REPORT TO THE CONGRESS

APRIL 1 – SEPTEMBER 30, 2012

4

STATUS OF UNIMPLEMENTED RECOMMENDATIONS

During this reporting period there were four new agreed-upon actions that were 

administrative in nature. All four items were addressed by management and closed 

during this reporting period. 

Audit, Inspection, and Evaluation Agreed-Upon Actions and 

Recommendations

Report Issued

Open During 

this 6-Month 

Period

Final 

Management 

Actions During 

this Period 

Open on 

10/01/2012

IT Equipment Acquisition 8/17/2012 4 4 0

Total 4 4 0

MANAGEMENT ADVISORY REPORT ISSUED 

OIG Management Advisory Reports are designed to be a quick mechanism to offer 

the Agency head suggestions on ways to strengthen Agency operations.

Agency’s Use of Social Media

The OIG issued to the Chairman and Board Members on September 12, 2012, a 

Management Advisory Report, Survey of the Farm Credit Administration’s Use of 

Social Media. Since FCA does not have an active social media presence, the OIG 

issued this Management Advisory Report to highlight the issues that should be 

considered while evaluating the use of social media as an Agency communication 

tool. Additionally, we surveyed FCA employees to identify the extent that employees 

use social media and identified potential training needs. We also briefed the FCA 

Board on the results. 

INVESTIGATIONS

A review of allegations of inappropriate conduct and misuse of resources was 

pursued but was unsubstantiated.

OIG Hotline calls and emails dealing with borrower complaints concerning FCS 

institutions and other FCA issues were referred to the FCA office or other Federal 

agency responsible for reviewing such matters.
OIG SEMIANNUAL REPORT TO THE CONGRESS

APRIL 1 – SEPTEMBER 30, 2012

5

LEGISLATION AND REGULATIONS

In furtherance of the OIG’s mandate to review existing and proposed legislation and 

regulations, the IG or DIG and Counsel attends joint briefings of the FCA Board on 

regulations at the proposed and final stages. The following were reviewed by the 

DIG and Counsel:

Legislation

1) S. 241, The Non-Federal Whistleblower Protection Act

2) S. 300, Purchase and Travel Card Controls

3) S. 743, Whistleblower Protection 

4) S. 1222 / H.R. 2146, Digital Accountability and Transparency Act of 2011 or 

DATA Act

5) S. 2105, The Cybersecurity Act of 2012; S. 3342, SECURE IT; S. 3414

6) S. 3286 Comprehensive Contingency Contracting Reform Act of 2012

7) S. 3481, Stop Wasteful Federal Bonuses and Conferences Act of 2012

8) H.R. 1409, Improper Payments Elimination and Recovery Improvement Act 

of 2012

9) H.R. 4631, Government Spending Accountability Act of 2012 (conference 

spending)

10) H.R. 4263, SECURE IT Act of 2012

11) H. R. 4257, Federal Information Security Amendments Act of 2012

12) H.R. 6360, Oversight and Accountability in Wartime Contracting Act of 2012

Final Rules 

13) Senior Officer Compensation Disclosures and Related Topics

14) System Audit Committee

15) Operating and Strategic Business Planning

16) Investment Management and Related Regulations Governing Interest Rate 

Risk Management

Proposed Rule

17) Unincorporated Business Entities

18) Liquidity and Funding

Notice of Proposed Rulemaking
OIG SEMIANNUAL REPORT TO THE CONGRESS

APRIL 1 – SEPTEMBER 30, 2012

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19) System Institutions’ Organization and Investment in Unincorporated 

Business Entities

Notice of Revocation of a System of Records

20) Revocation of System of Records for Nationwide Mortgage Licensing 

System and Registry (transferred to Consumer Financial Protection Bureau.

Bookletter 

21) Establishment and Implementation of a Shared Asset Identifier 

Informational Memoranda

22) Truth in Lending (Regulation Z) Compensation Rules

23) Revised Standard Flood Hazard Determination Form

24) Association Investments

25) Long-Term Standby Purchase Commitments

OTHER ACTIVITIES

Quarterly Survey of Farm Credit System Institutions

The OIG administers an ongoing survey of FCS institutions regarding the quality and 

consistency of the Agency’s examination function and examiners. The OIG issues a 

quarterly report and, at the end of each FY, a summary report on the surveys’ results 

to the Chief Examiner and the FCA Board.

During this 6-month period, the OIG sent surveys to the Audit Committee Chairmen 

and Chief Executive Officers of 28 FCS institutions. Quarterly reports for the 3-month 

periods ended March 31 and June 30, 2012, were issued by the OIG to the Chief 

Examiner and the FCA Board.

Staff Participation in Activities within the Inspector General Community

OIG staff members are encouraged to take part in organizations that contribute to 

the mission of the Inspectors General community, as well as their individual 

professional development. Most staff members are actively involved in one or more 

professional organizations, as well as activities within the CIGIE. 

The IG serves as the Vice Chairperson of CIGIE, is a member of CIGIE’s Executive 

Council, helps chair the monthly meetings of all Inspectors General comprising 

CIGIE, and participates as a member of the CIGIE’s Inspection and Evaluation (I&E) 

Committee. 

The OIG DIG and Counsel meets monthly with counsels to the other Inspectors 

General. Counsel also attends DIG and Directors of Investigations meetings. 
OIG SEMIANNUAL REPORT TO THE CONGRESS

APRIL 1 – SEPTEMBER 30, 2012

7

The OIG Senior Auditor and Senior IT Auditor attend Federal Audit Executive 

Committee meetings and conferences. The Senior Auditor participates as a 

member of the I&E Committee’s Roundtable. The Senior IT Auditor is actively 

involved in the IT Subcommittee of the Federal Audit Executive Committee and 

attends local ISACA (formerly known as Information Security and Control 

Association) meetings. 

Staff Participation in Agency Organizations

OIG employees are active on Agency workgroups and task forces, as appropriate. 

Staff Development

OIG employees continually seek ways to improve skills and become knowledgeable 

in the initiatives of the community of Inspectors General. Audit and legal staff must 

meet continuing education requirements. Individual development plans are used to 

identify long and short-term career goals along with specific training and 

developmental needs. These plans are geared to enhance individual skills in the 

performance of official duties and meet the criteria needed to achieve OIG 

performance goals and objectives.

ANNEX

This annex is provided in accordance with the National Defense Authorization Act for 

FY 2008. 

This referenced statute requires all Inspectors General appointed under the IG Act to 

include an annex to their semiannual reports as follows:

1) listing all contract audit reports issued during the reporting period containing 

significant audit findings; 

2) briefly describing the significant audit findings in the report; and 

3) specifying the amounts of costs identified in the report as unsupported, 

questioned, or disallowed. 

Significant audit findings are defined as unsupported, questioned, or disallowed 

costs in excess of $10,000,000, or other findings that the Inspector General 

determines to be significant. It defines contracts as a contract, an order placed 

under a task or delivery order contract, or a subcontract.

No contract audit reports meeting these criteria were issued on behalf of the OIG 

during this reporting period.
OIG SEMIANNUAL REPORT TO THE CONGRESS

APRIL 1 – SEPTEMBER 30, 2012

8

APPENDIX A

 INDEX OF REPORTING REQUIREMENTS Page

Section 4(a)(2) Review of legislation and regulations 5 - 6

Section 5(a)(1) Significant problems, abuses, and deficiencies None

Section 5(a)(2) Recommendations for corrective action 4

Section 5(a)(3) Prior recommendations not yet implemented None

Section 5(a)(4) Matters referred to prosecutive authorities None

Section 5(a)(5) Information unreasonably refused or not provided None

Section 5(a)(6) List of reports issued 3

Section 5(a)(7) Summaries of significant reports 3

Section 5(a)(8) Management decisions with questioned costs 10

Section 5(a)(9) Management decisions on recommendations that funds be put 

to better use

11

Section 5(a)(10) Prior audit reports unresolved None

Section 5(a)(11) Significant revised management decisions None

Section 5(a)(12) Significant management decisions with which the Inspector 

General disagreed None

Section 5(a)(13) Compliance of Agency financial management system 3

Section 5(a)(14)(15) Peer reviews conducted of this OIG 12

Section 5(a)(16) Peer reviews conducted by this OIG 13

Section 845 FY 2008 National Defense Authorization Act Citation and 

Requirement 7

 
OIG SEMIANNUAL REPORT TO THE CONGRESS

APRIL 1 – SEPTEMBER 30, 2012

9

APPENDIX B

Audit, Inspection, and Evaluation Reports Issued 

Report Number of Agreed Upon 

Actions/Recommendations Questioned Costs

Recommendations 

That Funds Be Put to 

Better Use

IT Equipment Acquisition 4 $ 0 $ 0

Total 4 $ 0 $ 0 
OIG SEMIANNUAL REPORT TO THE CONGRESS

APRIL 1 – SEPTEMBER 30, 2012

10

APPENDIX C

Reports with Questioned Costs

Number Dollar Value

Reports Recommendations

Questioned 

Costs

Unsupported 

Costs

A. For which no management decision has been 

 made by the commencement of the reporting

 period. 

0 0 $ 0 $ 0 

B. Which were issued during the reporting 

 period. 0 0 $ 0 $ 0 

Subtotals (A+B) 0 0 $ 0 $ 0 

C. For which a management decision was made

 during the reporting period. 0 0 $ 0 $ 0 

 (i) dollar value of disallowed costs 0 0 $ 0 $ 0 

 (ii) dollar value of costs not disallowed 0 0 $ 0 $ 0 

D. For which no management decision has been

 made by the end of the reporting period. 0 0 $ 0 $ 0 

E. For which no management decision was 

 made within six months of issuance. 0 0 $ 0 $ 0 
OIG SEMIANNUAL REPORT TO THE CONGRESS

APRIL 1 – SEPTEMBER 30, 2012

11

APPENDIX D

Reports with Recommendations that Funds be Put to Better Use

Number of 

Reports

Number of 

RecommendationsDollar Value

A. For which no management decision has been 

 made by the commencement of the reporting

 period. 

0 0 $ 0 

B. Which were issued during the reporting period. 0 0 $ 0 

Subtotals (A+B) 0 0 $ 0 

C. For which a management decision was made

 during the reporting period. 0 0 $ 0 

 (i) dollar value of recommendations that were 

 agreed to by management 0 0 $ 0 

 - based on proposed management action 0 0 $ 0 

 - based on proposed legislative action 0 0 $ 0 

 (ii) dollar value of recommendations that were 

 not agreed to by management 0 0 $ 0 

D. For which no management decision has been

 made by the end of the reporting period. 0 0 $ 0 

E. For which no management decision was 

 made within six months of issuance. 0 0 $ 0 
OIG SEMIANNUAL REPORT TO THE CONGRESS

APRIL 1 – SEPTEMBER 30, 2012

12

APPENDIX E

Peer Reviews Conducted of this Office

Peer Review Performed By Date of Report Function 

Reviewed

Peer Review 

Rating

U.S. Commodity Futures Trading Commission 

Office of Inspector General February 4, 2011 Audit Pass

U.S. Securities and Exchange Commission

Office of Inspector General December 26, 2007 Investigations Pass
OIG SEMIANNUAL REPORT TO THE CONGRESS

APRIL 1 – SEPTEMBER 30, 2012

13

APPENDIX F

Peer Reviews Conducted by this Office

Peer Review Of Date of Report Function 

Reviewed

Peer Review 

Rating

Consumer Product Safety Commission 

Office of Inspector General May 23, 2011 Audit Pass
OIG SEMIANNUAL REPORT TO THE CONGRESS

APRIL 1 – SEPTEMBER 30, 2012

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APPENDIX G

FCA ORGANIZATIONAL CHART

Board

Farm Credit Administration Board

Leland A. Strom, Chairman

Kenneth A. Spearman, Member

Jill Long Thompson, Member

Office of the Chairman

and CEO

Leland A. Strom

Office of the Chief 

Operating Officer

William J. Hoffman

Office of 

Inspector General1

Carl A. Clinefelter

Special Advisor YBS & 

Local Food Systems

Mark Johansen

Office of 

Congressional and 

Public Affairs

Michael A. Stokke2

Office of Secondary 

Market Oversight3

Laurie A. Rea

Office of Examination

S. Robert Coleman

Office of 

Regulatory Policy

Gary K. Van Meter

Office of 

General Counsel4

Charles R. Rawls

Office of Management 

Services

Stephen G. Smith

1

The Dodd-Frank Wall Street and Consumer Protection Act, Public Law 111-203, amended the Inspector General Act, 5 U.S.C. App 3, 

changing the meaning of “head of the designated Federal entity.” The effect is that the Inspector General now reports to the FCA Board. 

Prior to the amendment, the FCA Chairman was the “head of the designated Federal entity” under the IG Act and the IG reported to the 

Chairman.

2 Serves as Executive Assistant to the Chairman.

3 Reports to the Board for policy and to the CEO for administration.

4 Maintains a confidential advisory relationship with each of the Board members.

Secretary to the Board

Dale L. Aultman

Equal Employment 

and Inclusion Director

Thais Burlew 

Designated Agency 

Ethics Official

Wendy R. Laguarda
OIG SEMIANNUAL REPORT TO THE CONGRESS

APRIL 1 – SEPTEMBER 30, 2012 

15

APPENDIX H

Office of Inspector General Organizational Chart

 December 9, 2010

Carl A. Clinefelter, Inspector General Date

Inspector General

Carl A. Clinefelter

Administrative Assistant

Debra M. Miller

Deputy Inspector 

General and Counsel

Elizabeth M. Dean

Senior Auditor

Veronica G. McCain

Senior Information 

Technology Auditor

Tammy F. Rapp
OIG SEMIANNUAL REPORT TO THE CONGRESS

APRIL 1 – SEPTEMBER 30, 2012

16

APPENDIX I

GLOSSARY OF TERMS

Agency – Farm Credit Administration

BPD – Bureau of the Public Debt

Brown & Co. – Brown & Company CPAs, PLLC

CIGIE – Council of the Inspectors General on Integrity and Efficiency

DIG – Deputy Inspector General

Farm Credit Act – Farm Credit Act of 1971, as amended

Farmer Mac – Federal Agricultural Mortgage Corporation

FCA – Farm Credit Administration

FCS – Farm Credit System 

FISMA – Federal Information Security Management Act

FY – Fiscal Year

H.R. – House Resolution

IG – Inspector General

IG Act – Inspector General Act of 1978, as amended

I&E – Inspection and Evaluation

ISACA – Information Security and Control Association

IT – Information Technology 

OE – Office of Examination

OIG – Office of Inspector General

OMB – Office of Management and Budget

SOPP – Strategic and Operating Performance Plan

System – Farm Credit System
OIG SEMIANNUAL REPORT TO THE CONGRESS

APRIL 1 – SEPTEMBER 30, 2012

17

REPORT

Fraud | Waste | Abuse | Mismanagement

FARM CREDIT ADMINISTRATION

OFFICE OF INSPECTOR GENERAL

• Phone: Toll Free (800) 437-7322; (703) 883-4316

• Fax: (703) 883-4059

• E-mail: fca-ig-hotline@rcn.com

• Mail: Farm Credit Administration

Office of Inspector General

1501 Farm Credit Drive

McLean, VA 22102-5090