United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office Accounting and Information Management Division author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 1995-08-04 monographic deposited born digital GA 1.13:AIMD-95-141 https://www.govinfo.gov/app/details/GAOREPORTS-AIMD-95-141 P0b002ee18038654a f:ai95141 DGPO 2010-08-12 2011-03-24 GAOREPORTS-AIMD-95-141 machine generated eng fdlp REPORT GAOREPORTS-AIMD-95-141 AIMD-95-141 Financial statement audits Internal controls Reporting requirements Accounts receivable Administrative costs Accounting procedures Tax administration Federal agency accounting systems Financial management Financial records IRS Revenue Accounting Control System Earned Income Tax Credit Federal Tax Deposit System IRS Accounts Receivable Dollar Inventory System Letter Report AIMD

This report presents the results of GAO's attempts to audit the Internal Revenue Service's (IRS) financial statements for fiscal years 1994 and 1993. This report also assesses IRS' internal controls and compliance with laws and regulations. IRS continues to face major challenges in developing meaningful and reliable financial management information and in providing adequate internal controls that are essential to effectively manage and report on its operations. Overcoming these challenges is difficult because of the long-standing nature and depth of IRS' financial management problems and the antiquated state of its systems. IRS is committed to overcoming the problems that GAO reported. GAO is unable to express an opinion on the reliability of IRS' financial statements for fiscal year 1994. GAO discusses the scope and severity of IRS" financial management and control problems, the effect these problems have had on IRS' ability to carry out its mission, and remedy the problems. GAO also makes recommendations to help IRS resolve the long-standing problems and strengthen its financial management operations. https://www.govinfo.gov/content/pkg/GAOREPORTS-AIMD-95-141/html/GAOREPORTS-AIMD-95-141.htm GAO/AIMD-95-141 https://www.govinfo.gov/app/details/GAOREPORTS-AIMD-95-141 Letter Report GAO/AIMD-95-141; Financial Audit: Examination of IRS' Fiscal Year 1994 Financial Statements; Financial statement audits Internal controls Reporting requirements Accounts receivable Administrative costs Accounting procedures Tax administration Federal agency accounting systems Financial management Financial records IRS Revenue Accounting Control System Earned Income Tax Credit Federal Tax Deposit System IRS Accounts Receivable Dollar Inventory System Title 26 Section 6405 Title 26 Section 9501-9510 26 U.S.C. 6405 26 U.S.C. 9501-9510 Public Law 86-382 Public Law 95-454 Public Law 97-177 Public Law 97-255 Public Law 101-510 Public Law 101-576