The purpose of this report is to provide (1) detailed information on new control deficiencies identified during our fiscal year 2012 audit that relate to the processes used by Treasury and OMB to prepare the CFS, (2) 6 recommendations to address these new control deficiencies, and (3) the status of corrective actions taken by Treasury and OMB to address the 48 recommendations relating to the processes used by them to prepare the CFS, detailed in our previous reports, that remained open at the end of the fiscal year 2011 audit.