Download or read book Improvements Needed in IRS Accounting Procedures and Internal Controls written by Jeffrey C. Steinhoff and published by DIANE Publishing. This book was released on 2009-03 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: In March 2001, a report was issued on the results of an audit of the Internal Revenue Service¿s (IRS) financial statements and on the effectiveness of its internal controls as of, and for the fiscal year ending, Sept. 30, 2000. There was also a report on their conclusions in IRS¿ compliance with significant provisions of selected laws and regulations and on whether IRS¿ systems substantially comply with requirements of the Fed. Financial Mgmt. Improvement Act of 1996. The purpose of this letter is to report additional matters that were identified during the FY 2000 audit regarding accounting procedures and internal controls that could be improved. Illustrations.
Download or read book Management Report written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2018-02-05 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Management Report: Improvements Needed in IRS's Accounting Procedures and Internal Controls
Download or read book Management Report written by United States. General Accounting Office and published by . This book was released on 2004 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Management Report written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-06 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: In November 2003, we issued our report on the results of our audit of the Internal Revenue Service's (IRS) financial statements as of and for the fiscal years ending September 30, 2003 and 2002, and on the effectiveness of its internal controls as of September 30, 2003. We also reported our conclusions on IRS's compliance with significant provisions of selected laws and regulations and on whether IRS's financial management systems substantially comply with requirements of the Federal Financial Management Improvement Act of 1996. A separate report on the implementation status of recommendations from our prior IRS financial audits and related financial management reports including this one will be issued shortly. The purpose of this report is to discuss issues identified during our fiscal year 2003 audit regarding internal controls and accounting procedures that could be improved for which we do not presently have any recommendations outstanding. Although not all of these issues were discussed in our fiscal year 2003 audit report, they all warrant management's consideration.
Download or read book Management Report written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-06 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: During fiscal year 2001, the Internal Revenue Service (IRS) had a number of internal control issues that affected financial reporting, including safeguarding of assets. These concern policies and procedures over (1) receipt of taxpayer payments, (2) courier services that transport taxpayer data, (3) employee fingerprint records, (4) issuance of manual refunds, (5) release of tax liens, (6) recording of property and equipment transactions, (7) linking of property and accounting records, (8) software licenses, (9) reimbursable receivables, and (10) recording changes in administrative account balances.
Download or read book Management Report written by Steven J. Sebastian and published by DIANE Publishing. This book was released on 2009-02 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Nov. 2007, a report was issued on the results of an audit of the IRS¿s financial statements for the FY ending, Sept. 30, 2007, and 2006, and on the effectiveness of its internal controls. The report also commented on whether IRS¿s financial mgmt. systems substantially comply with the requirements of the Fed. Financial Mgmt. Improvement Act of 1996. The purpose of this report is to discuss issues identified during the audit of IRS¿s financial statements for the FY ending Sept. 30, 2007, regarding internal controls that could be improved for which they currently do not have a specific recommendation outstanding. This report contains 24 recommendations that are being proposed that IRS implement to improve its internal controls. Charts and tables.
Download or read book Management Report written by Steven J. Sebastian and published by . This book was released on 2002 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses additional matters identified during GAO's fiscal year 2001 audit of the IRS regarding accounting procedures and internal controls that could be improved.
Download or read book Management Letter written by United States Accounting Office (GAO) and published by Createspace Independent Publishing Platform. This book was released on 2018-06-10 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Management Letter: Improvements Needed in IRS' Accounting Procedures and Internal Controls
Download or read book Management Letter written by Jeffrey C. Steinhoff and published by . This book was released on 2001 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Management Report written by Steven J. Sebastian and published by . This book was released on 2004 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Gao 04 553r Management Report written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2018-01-26 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: GAO-04-553R Management Report: Improvements Needed in IRS's Internal Controls and Accounting Procedures
Download or read book Management Report written by Steven J. Sebastian and published by DIANE Publishing. This book was released on 2010-11 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Nov. 2009, a report was issued on the results of an audit of the financial statements of the IRS as of, and for the FY ending, Sept. 30, 2009, and 2008, and on the effectiveness of its internal controls as of Sept. 30, 2009. In March 2010, a report was issued on information security issues identified during a FY 2009 audit, along with associated recommendations. This report presents internal control and compliance issues identified during an audit of IRS¿s financial statements as of, and for the fiscal year ending, Sept. 30, 2009, for which there are no recommendations outstanding. The report provides 41 recommendations to address the internal control and compliance issues that have been identified. Charts and tables.
Download or read book Management Letter written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-06 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pursuant to a legislative requirement, GAO provided information on additional matters it identified in its audit of the Internal Revenue Service's (IRS) custodial financial statements for fiscal year (FY) 1998 regarding accounting procedures and internal controls that could be improved. GAO noted that: (1) IRS' policies and procedures over abatement transactions did not ensure that abatements were processed promptly or that the abatement transactions recorded in IRS' master file records were accurate; (2) IRS' FY 1998 Federal Managers' Financial Integrity Act assurance statement to the Department of the Treasury did not fully disclose all known material weaknesses existing during FY 1998 that could adversely affect IRS operations; (3) IRS did not resolve all reconciling differences between its custodial general ledger accounts and Treasury records; (4) IRS uses the Department of Agriculture's National Finance Center (NFC) as the service organization that processes the biweekly payroll for its employees; (5) during GAO's FY 1998 audit, IRS officials informed GAO that they had not implemented controls to ensure that NFC accurately processed and reported IRS' $5.8 billion in payroll and related benefits; (6) GAO found weaknesses in IRS' policies and procedures over its management discussion and analysis process that resulted in key performance indicators that were sometimes erroneous or not based on appropriate information; (7) the data contained in IRS' masterfiles were not always accurate; (8) GAO previously reported several instances where IRS recorded different types of transactions in the same general ledger accounts; (9) in GAO's FY 1998 audit, GAO found that this condition continued to exist; and (10) specifically, IRS continued to use: (a) revenue and refund accounts to record noncash revenue and refund adjustments; (b) refund accounts to record revenue transactions; and (c) a refund reversal account to record revenue transactions.
Download or read book Management Letter written by United States Accounting Office (GAO) and published by Createspace Independent Publishing Platform. This book was released on 2018-06-04 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Management Letter: Suggested Improvements in IRS' Accounting Procedures and Internal Controls
Download or read book Management Letter written by United States. General Accounting Office. Accounting and Information Management Division and published by . This book was released on 1999 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Internal Revenue Service Immediate and Long term Actions Needed to Improve Financial Management written by United States. General Accounting Office and published by . This book was released on 1998 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Internal Revenue Service written by Steven J. Sebastian (au) and published by DIANE Publishing. This book was released on 2005-09 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: In its role as the nation's tax collector, the IRS has a demanding responsibility for collecting taxes, processing tax returns, & enforcing the nation's tax laws. Since the first audit of IRS's financial statements in FY 1992, a number of weaknesses in IRS's financial management operations have been identified. In related reports, corrective action has been recommended to address those weaknesses. Each year, as part of the annual audit of IRS's financial statements, recommendations have been made to address any new weaknesses identified, but also follows up on the status of weaknesses identified in previous years' audits. This report tracks the status of audit recommendations & actions needed to fully address them.
