Internal controls (51 - 60 of 262 items)
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...
Financial Audit: IRS's Fiscal Years 2011 and 2010 Financial Statements
GAO-12-165: Published: Nov 10, 2011. Publicly Released: Nov 10, 2011.
In accordance with authority granted by the Chief Financial Officers Act of 1990, GAO annually audits the financial statements of the Internal Revenue Service (IRS) to determine whether (1) the financial statements are fairly presented and (2) IRS management maintained effective internal control over financial reporting. GAO also tests IRS's compliance with selected provisions of significant laws...
Business Systems Modernization: Internal Revenue Service's Fiscal Year 2011 Expenditure Plan
GAO-12-26: Published: Oct 6, 2011. Publicly Released: Oct 6, 2011.
The Internal Revenue Service's (IRS) Business Systems Modernization (BSM) program is a multi-billion dollar, high-risk, highly complex effort that involves the development and delivery of a number of modernized systems that are intended to replace the agency's aging business and tax processing systems. As required, IRS submitted its fiscal year 2011 expenditure plan in May 2011 to the House and Se...
E-Filing Tax Returns: Penalty Authority and Digitizing More Paper Return Data Could Increase Benefits
GAO-12-33: Published: Oct 5, 2011. Publicly Released: Oct 5, 2011.
The Internal Revenue Service's (IRS) goal is to receive 80 percent of all major types of tax returns electronically by 2012. Legislation passed in November 2009 supports the 80 percent goal for individual income tax returns by requiring tax return preparers who file more than 10 individual returns per year to file them electronically, or e-file. GAO was asked to review IRS's implementation of this...
Investment Management: IRS Has a Strong Oversight Process but Needs to Improve How It Continues Funding Ongoing Investments
GAO-11-587: Published: Jul 20, 2011. Publicly Released: Jul 20, 2011.
The Internal Revenue Service (IRS) relies extensively on information technology (IT) to carry out its mission. For fiscal year 2012, IRS requested about $2.67 billion for IT. Given the size and significance of these investments, GAO was asked to evaluate IRS's capabilities for managing its IT investments. To address this objective, GAO reviewed IRS policies and procedures and assessed them using G...
Patient Protection and Affordable Care Act: IRS Should Expand Its Strategic Approach to Implementation
GAO-11-719: Published: Jun 29, 2011. Publicly Released: Jun 29, 2011.
This report discusses the briefing we gave on June 8, 2011, as well as subsequent comments from the Internal Revenue Service (IRS). We gave this briefing in response to Congressional request that we assess IRS's planning to implement its responsibilities under the Patient Protection and Affordable Care Act (PPACA). The report (1) describes IRS's PPACA responsibilities and effective dates and (2) a...
Management Report: Improvements Are Needed to Enhance the Internal Revenue Service's Internal Controls and Operating Effectiveness
GAO-11-494R: Published: Jun 21, 2011. Publicly Released: Jun 21, 2011.
In November 2010, we issued our report on the results of our audit of the financial statements of the Internal Revenue Service (IRS) as of, and for the fiscal years ending, September 30, 2010, and 2009, and on the effectiveness of its internal control over financial reporting as of September 30, 2010. We also reported our conclusions on IRS's compliance with selected provisions of laws and regulat...
Information Reporting: IRS Could Improve Cost Basis and Transaction Settlement Reporting Implementation
GAO-11-557: Published: May 19, 2011. Publicly Released: Jun 20, 2011.
Effective implementation of two 2008 laws by the Internal Revenue Service (IRS) could increase taxpayers' voluntary compliance. Those laws require reporting to IRS and taxpayers of cost basis for sales of certain securities and of transaction settlement information (i.e., merchants' income from payment cards or third party networks). In response to a congressional request, GAO (1) assessed IRS's i...
Opportunities to Reduce Potential Duplication in Government Programs, Save Tax Dollars, and Enhance Revenue
GAO-11-714T: Published: Jun 1, 2011. Publicly Released: Jun 1, 2011.
This testimony discusses our first annual report to Congress responding to the statutory requirement that GAO identify federal programs, agencies, offices, and initiatives--either within departments or governmentwide--that have duplicative goals or activities. This work can help inform government policymakers as they address the rapidly building fiscal pressures facing our national government. Ou...
Tax Refunds: Enhanced Prerefund Compliance Checks Could Yield Significant Benefits
GAO-11-691T: Published: May 25, 2011. Publicly Released: May 25, 2011.
In 2010, the Internal Revenue Service (IRS) processed about 137 million individual income tax returns and issued 107 million refunds totaling over $312 billion. The compliance checks it performs before refunds are issued thus could affect millions of taxpayers and billions of dollars of refunds by identifying taxpayers who overclaim or underclaim tax benefits to which they are entitled. Math error...