Financial Management: IRS' Self-Assessment of Its Internal Control and
Accounting Systems Is Inadequate (Letter Report, 10/13/93,
GAO/AIMD-94-2).

Because of widespread material weaknesses in the Internal Revenue
Service's (IRS) operations, GAO does not believe that IRS can be
reasonably sure that the objectives of the Federal Managers' Financial
Integrity Act of 1982 have been achieved.  The act requires agencies to
disclose the condition of their internal control and accounting systems.
The IRS process for identifying, disclosing, and correcting material
weaknesses must be substantially improved if the agency is to produce
reliable information that top management can use to control costs and
improve operations.  Top management involvement is an essential first
step in bolstering IRS operations and accurately reporting IRS internal
control and accounting system weaknesses to the Secretary of the
Treasury.

--------------------------- Indexing Terms -----------------------------

 REPORTNUM:  AIMD-94-2
     TITLE:  Financial Management: IRS' Self-Assessment of Its Internal 
             Control and Accounting Systems Is Inadequate
      DATE:  10/13/93
   SUBJECT:  Tax administration
             Federal agency accounting systems
             Internal controls
             Systems evaluation
             Funds management
             Financial management systems
             Reporting requirements
             Internal audits
             Accounting procedures
             Computerized information systems
IDENTIFIER:  IRS Integrated Data Retrieval System
             IRS Computer Resources Management System
             
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