United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2001-07-30 monographic deposited born digital 15 p. GA 1.13:GAO-01-880R https://www.govinfo.gov/app/details/GAOREPORTS-GAO-01-880R P0b002ee18038348d f:d01880r DGPO 2010-08-12 2011-03-24 GAOREPORTS-GAO-01-880R machine generated eng fdlp REPORT GAOREPORTS-GAO-01-880R GAO-01-880R Accounting procedures Accounting standards Financial management systems Financial records Financial statement audits Internal controls Reporting requirements Treasury On-Line Payment and Collection System Correspondence A01483

In March 2001, GAO issued a report on (GAO-01-394) the results of its 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, September 30, 2000. GAO also reported its conclusions on IRS' compliance with significant provisions of selected laws and regulations and on whether IRS' systems substantially comply with requirements of the Federal Financial Management Improvement Act of 1996. This report reviews additional matters identified during GAO's fiscal year 2000 audit regarding accounting procedures and internal controls that could be improved. GAO found that IRS had immaterial internal control issues that affected reporting. IRS (1) was unable to determine if its costs for reimbursable activities were accurate and whether it was recouping the costs of the goods or services it provided, (2) did not have procedures in place to properly record its working capital fund prepaid expenses, (3) accepted information from its contractors for inclusion in its year-end financial reporting without sufficient oversight or review, and (4) did not always follow standard procedures with respect to the transfer of funds between appropriations. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-01-880R/html/GAOREPORTS-GAO-01-880R.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-01-880R/pdf/GAOREPORTS-GAO-01-880R.pdf GAO-01-880R https://www.govinfo.gov/app/details/GAOREPORTS-GAO-01-880R Correspondence GAO-01-880R; Management Letter: Improvements Needed in IRS' Accounting Procedures and Internal Controls; Accounting procedures Accounting standards Financial management systems Financial records Financial statement audits Internal controls Reporting requirements Treasury On-Line Payment and Collection System Title 31 Section 3512 Title 31 Section 720 31 U.S.C. 3512 31 U.S.C. 720