Internal Revenue Service: Status of GAO Financial Audit and Related Financial Management Recommendations

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By Steven J. Sebastian (au)
Year: 2012
Pages: 98
Binding Paperback
ISBN 978-1-4578-3676-3

Product Code: 1457836769

Description

The Internal Revenue Service (IRS) has a demanding responsibility to annually collect trillions of dollars in taxes, process hundreds of millions of tax and information returns, and enforce the nationäó»s tax laws. Each year, as part of the annual audit of IRSäó»s financial statements, GAO makes recommendations to address control deficiencies identified during the audit and follows up on the status of IRSäó»s efforts to address the control deficiencies GAO identified in previous yearsäó» audits. This report (1) provides an overview of the financial management challenges still facing IRS; (2) provides the status of financial audit-related recommendations and the actions needed to address them; and (3) highlights the relationship between GAOäó»s recommendations and internal control activities central to IRSäó»s mission and goals. This is a print on demand report.

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