TITLE

Status of GAO Financial Audit and Related Financial Management Recommendations

PUB. DATE
June 2012
SOURCE
GAO Reports;6/28/2012, preceding p1
SOURCE TYPE
Government Documents
DOC. TYPE
Article
ABSTRACT
The article reports on the recommendations by the U.S. Government Accountability Office (GAO) on the financial audits and other financial related topics. It informs that the U.S. Internal Revenue Service (IRS) has developed its internal controls and financial management. It includes that the IRS has to improve its material weaknesses outcome-oriented performance and correction in tax related issues.
ACCESSION #
77665725

 

Related Articles

  • Status of GAO Financial Audit and Related Financial Management Report Recommendations.  // GAO Reports;7/2/2008, p1 

    The article discusses the significant progress of the U.S. Internal Revenue Service's (IRS) internal controls and financial management beginning at its first financial statement audit in 1992. However, it is inferred that despite this financial progression, IRS managed to improve its financial...

  • Internal Revenue Service: Status of Recommendations from Financial Audits and Related Financial Management Reports: GAO-05-393. Sebastian, Steven J. // GAO Reports;4/29/2005, p1 

    In its role as the nation's tax collector, the Internal Revenue Service (IRS) has a demanding responsibility for collecting taxes, processing tax returns, and enforcing the nation's tax laws. Since GAO's first audit of IRS's financial statements in fiscal year 1992, a number of weaknesses in...

  • TAXING ISSUES.  // Accounting Today;12/19/2005, Vol. 19 Issue 22, p10 

    The article offers news briefs on taxing issues in the U.S. as of December 19, 2005. The U.S. Government Accountability Office has found that the U.S. Internal Revenue Service (IRS) still faces challenges in financial management and internal control. The IRS has issued a guidance on electronic...

  • Status of GAO Financial Audit and Related Financial Management Report Recommendations. Sebastian, Steven J. // GAO Reports;6/22/2011, preceding p1 

    The article discusses a study conducted by the Government Accountability Office (GAO) on the financial management operations of the Internal Revenue Service (IRS) in the U.S. It looks at the challenges faced by IRS in managing its financial statements along with its efforts to address the...

  • IRS Needs to Continue Improving Controls over Financial and Taxpayer Data.  // GAO Reports;3/19/2015, preceding pi 

    The article presents a report by the U.S. Government Accountability Office (GAO) as of March 2015 that discusses the need of improving controls over financial and taxpayer data by the Internal Revenue Service (IRS). It informs that the GAO examined IRS information security policies and...

  • IRS Should Determine Whether Its Streamlined Corporate Audit Process Is Meeting Its Goals.  // GAO Reports;9/23/2013, preceding p1 

    The article discusses the study conducted by the U.S. Government Accountability Office (GAO) about the benefits of the Compliance Assurance Process (CAP) to taxpayers from the Internal Revenue Service (IRS). It mentions that under the CAP, tax issues are reported before the return is filed. It...

  • Wage and Investment Division Should Define Audit Objectives and Refine Other Internal Controls. Lucas-Judy, Jessica // GAO Reports;1/13/2016, pi 

    The article presents a study conducted by the U.S. Government Accountability Office (GAO) to review the selection process in wage and investment division (W&I) auditing. Topics discussed includes help of taxpayers by audit activities to pay the right amount of tax, processes involved in W&I's...

  • Hidden truths: 10 things the IRS won't tell you.  // Small Business Tax Strategies;Jun2009, Vol. 4 Issue 6, p7 

    The article reports on the article posted by the web site smartmoney.com related to the U.S. Internal Revenue Service's (IRS) hidden tax truths. Accordingly, to surpass one percent on all returns, the audit rate was doubled since 2000. A study by the Government Accountability Office (GAO) found...

  • Management Report: Improvements Are Needed to Enhance the Internal Revenue Service's Internal Controls and Operating Effectiveness. Sebastian, Steven J. // GAO Reports;6/21/2011, p1 

    The article discusses several internal control issues identified by the Government Accountability Office (GAO) in its audit of the financial management operations of the Internal Revenue Service (IRS) in the U.S. These include the improper duplication of taxpayers' First-Time Homebuyer Credit...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics