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 2001-10-19 monographic deposited born digital 104 p. GA 1.13:GAO-02-35 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-02-35 P0b002ee1803984be f:d0235 DGPO 2010-08-12 2011-03-23 GAOREPORTS-GAO-02-35 machine generated eng fdlp REPORT GAOREPORTS-GAO-02-35 GAO-02-35 Appropriated funds Auditing standards Financial statement audits Internal controls Reporting requirements Risk management IRS Automated Underreporter System IRS Electronic Fraud Detection System IRS Project Cost Accounting Subsystem Earned Income Tax Credit Other Written Product A02348

This report is a follow-on to GAO's report on the results of its audit of the Internal Revenue Service's (IRS) fiscal year 2000 financial statements. Many of the issues presented throughout this report have existed for several years, and IRS has noted that the ultimate solution to many of these issues is modernization of its systems. IRS plans to implement a new financial system that includes a cost accounting module as well as integrated administrative and custodial general ledgers that are supported by subsidiary ledgers containing the transactional details for key accounts such as taxes receivable and property and equipment. IRS continues to make progress in addressing its financial management challenges. The strong commitment and dedication to financial management reform by IRS senior management has played a crucial role in the progress the agency has made to date and is critical for future improvements. IRS has developed many workaround processes that resulted in its ability to produce reliable financial statements for fiscal year 2000. However, these processes take considerable time, effort, and expense and do not fix many of the fundamental financial management issues that continue to plague the agency. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-02-35/html/GAOREPORTS-GAO-02-35.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-02-35/pdf/GAOREPORTS-GAO-02-35.pdf GAO-02-35 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-02-35 Other Written Product GAO-02-35; Internal Revenue Service: Progress Made, but Further Actions Needed to Improve Financial Management; Appropriated funds Auditing standards Financial statement audits Internal controls Reporting requirements Risk management IRS Automated Underreporter System IRS Electronic Fraud Detection System IRS Project Cost Accounting Subsystem Earned Income Tax Credit Title 18 Section 5038 18 U.S.C. 5038 Title 26 Section 6611 26 U.S.C. 6611 Title 31 Section 3512 Title 31 Section 720 31 U.S.C. 3512 31 U.S.C. 720