Internal controls (41 - 50 of 261 items)
Managing For Results: Executive Branch Should More Fully Implement the GPRA Modernization Act to Address Pressing Governance Challenges
GAO-13-518: Published: Jun 26, 2013. Publicly Released: Jun 26, 2013.
The executive branch has taken a number of steps to implement key provisions of the GPRA Modernization Act (the act). The Office of Management and Budget (OMB) developed interim cross-agency priority (CAP) goals, and agencies developed agency priority goals (APG). Agency officials reported that their agencies have assigned performance management leadership roles and responsibilities to officials w...
Virtual Economies and Currencies: Additional IRS Guidance Could Reduce Tax Compliance Risks
GAO-13-516: Published: May 15, 2013. Publicly Released: Jun 17, 2013.
Transactions within virtual economies or using virtual currencies could produce taxable income in various ways, depending on the facts and circumstances of each transaction. For example, transactions within a "closed-flow" virtual currency system do not produce taxable income because a virtual currency can be used only to purchase virtual goods or services. An example of a closed-flow transaction...
Tax Refunds: IRS Is Exploring Verification Improvements, but Needs to Better Manage Risks
GAO-13-515: Published: Jun 4, 2013. Publicly Released: Jun 4, 2013.
The Internal Revenue Service (IRS) receives few information returns before issuing most tax refunds. In 2012, IRS issued 50 percent of tax year 2011 refunds to individuals by the end of February, but had only received 3 percent of information returns. Most information returns are not received by IRS until after mid-April, and IRS conducts the first match of tax and information returns in July, wit...
Social Security Administration: Long-Term Strategy Needed to Address Key Management Challenges
GAO-13-459: Published: May 29, 2013. Publicly Released: May 29, 2013.
The Social Security Administration (SSA) will experience management challenges in four key areas over the next decade.Human capital. SSA has not updated its succession plan since 2006 although the agency faces an ongoing retirement wave and hiring freeze which will make it difficult to respond to growing workload demands.Disability program issues. SSA faces ongoing challenges incorporating a more...
Tax Administration: IRS Could Improve Examinations by Adopting Certain Research Program Practices
GAO-13-480: Published: May 24, 2013. Publicly Released: May 24, 2013.
The Internal Revenue Service's (IRS) National Research Program (NRP) has helped test or develop practices that have been used in operational examinations of individual tax returns, according to IRS officials. These practices include, for example, helping test IRS's remote learning system and helping IRS adopt new examination support software.However, examiners GAO interviewed cited four additional...
Management Report: Improvements Are Needed to Enhance the Internal Revenue Service's Internal Controls
GAO-13-420R: Published: May 13, 2013. Publicly Released: May 13, 2013.
During its audit of the Internal Revenue Service's (IRS) fiscal year 2012 financial statements, GAO identified one new internal control deficiency that contributed to IRS's continuing material weakness in internal control over unpaid tax assessments as of September 30, 2012. Specifically, IRS's controls over its process for estimating the balances of federal taxes receivable and other unpaid tax a...
Information Security: IRS Has Improved Controls but Needs to Resolve Weaknesses
GAO-13-350: Published: Mar 15, 2013. Publicly Released: Mar 15, 2013.
IRS continued to make progress in addressing information security control weaknesses, improving its internal control over financial reporting. During fiscal year 2012, IRS management devoted attention and resources to addressing information security controls, and resolved a significant number of the information security control deficiencies that GAO previously reported. Notable among these efforts...
Financial Audit: IRS's Fiscal Years 2012 and 2011 Financial Statements
GAO-13-120: Published: Nov 9, 2012. Publicly Released: Nov 9, 2012.
In GAO's opinion, the Internal Revenue Service's (IRS) fiscal years 2012 and 2011 financial statements are fairly presented in all material respects. However, in GAO's opinion, IRS did not maintain effective internal control over financial reporting as of September 30, 2012, because of a material weakness in internal control over unpaid tax assessments. In addition, GAO found that IRS's financial...
Management Report: Improvements Are Needed to Enhance the Internal Revenue Service's Internal Controls and Operating Effectiveness
GAO-12-683R: Published: Jun 25, 2012. Publicly Released: Jun 25, 2012.
During our audit of IRSs fiscal year 2011 financial statements, we identified new internal control deficiencies in the following areas:Monitoring Information Systems Material to Financial Reporting. IRS management had not performed sufficient monitoring of internal control over information systems material to financial reporting to determine whether such control was affected by any deficienc...
Information Security: IRS Needs to Further Enhance Internal Control over Financial Reporting and Taxpayer Data
GAO-12-393: Published: Mar 16, 2012. Publicly Released: Mar 16, 2012.
IRS implemented numerous controls and procedures intended to protect key financial and tax-processing systems; nevertheless, control weaknesses in these systems continue to jeopardize the confidentiality, integrity, and availability of the financial and sensitive taxpayer information processed by IRSs systems. Specifically, the agency continues to face challenges in controlling access to its...