Financial management (41 - 50 of 67 items)
Internal Revenue Service: Progress Made, but Further Actions Needed to Improve Financial Management
GAO-02-35: Published: Oct 19, 2001. Publicly Released: Oct 19, 2001.
This is a follow-on to GAO's report on its audit of the Internal Revenue Service's (IRS) fiscal year 2000 financial statements. Many of the issues raised in this report have persisted for years. IRS believes that the solution to many of these issues may lie in systems modernization. IRS plans to implement a new financial system that includes a cost accounting module as well as integrated administr...
Internal Revenue Service: Progress Continues But Serious Management Challenges Remain
GAO-01-562T: Published: Apr 2, 2001. Publicly Released: Apr 2, 2001.
This testimony discusses the management challenges that continue to face the Internal Revenue Service (IRS). These challenges include (1) computer security, (2) financial management, (3) organizational modernization and performance management, and (4) business systems modernization management. IRS must make progress in all four areas to improve the agency's efficiency and to significantly improve...
Financial Audit: IRS' Fiscal Year 2000 Financial Statements
GAO-01-394: Published: Mar 1, 2001. Publicly Released: Mar 1, 2001.
The Internal Revenue Service's (IRS) fiscal year 2000 financial statements, including the accompanying notes, present fairly, in all material respects, in conformity with U.S. generally accepted accounting principles, IRS' assets, liabilities, net position, net costs, changes in net position, budgetary resources, reconciliation of net costs to budgetary obligations, and custodial activity, for fis...
Internal Revenue Service: Recommendations to Improve Financial and Operational Management
GAO-01-42: Published: Nov 17, 2000. Publicly Released: Nov 17, 2000.
During fiscal year 1999, the Internal Revenue Service (IRS) made several improvements to address financial management issues that GAO raised in earlier reports. However, serious internal control and financial weaknesses continue to undermine the agency's ability to manage operations and produce reliable financial information. These weaknesses affect IRS' ability to, (1) manage unpaid assessments,...
Tax Systems Modernization: Results of Review of IRS' August 2000 Interim Spending Plan
GAO-01-91: Published: Nov 8, 2000. Publicly Released: Nov 8, 2000.
The Internal Revenue Service (IRS) has tried unsuccessfully to modernize its information systems. To prevent a repeat of past mistakes, Congress legislated explicit controls over IRS spending on systems modernization. Congress did so by creating Senate and House appropriations subcommittees, which specified four conditions. IRS has satisfied some, but not all, of the conditions set out by its appr...
Management Letter: Suggested Improvements in IRS' Accounting Procedures and Internal Controls
AIMD-00-162R: Published: Jun 14, 2000. Publicly Released: Jun 14, 2000.
Pursuant to a legislative requirement, GAO provided information on the results of the Internal Revenue Service's (IRS) financial statements and on the effectiveness of its internal controls for fiscal year (FY) ending September 30, 1999.GAO noted that: (1) GAO found weaknesses in IRS' accounting procedures for certain assets purchased in one year but used for a multi year period; (2) IRS corrected...
Financial Audit: IRS' Fiscal Year 1999 Financial Statements
AIMD-00-76: Published: Feb 29, 2000. Publicly Released: Feb 29, 2000.
Pursuant to a legislative requirement, GAO audited the Internal Revenue Service's (IRS) fiscal year (FY) 1999 financial statements.GAO noted that: (1) during FY 1999, IRS had made a number of improvements to address some of the management issues GAO raised in previous reports; (2) GAO noted improvements in IRS': (a) overall financial reporting; (b) records of accounts payable; (c) amounts held in...
Congressional Oversight: Opportunities to Address Risks, Reduce Costs, and Improve Performance
T-AIMD-00-96: Published: Feb 17, 2000. Publicly Released: Feb 17, 2000.
Pursuant to a congressional request, GAO discussed the budget and oversight challenges facing the federal government, focusing on ways to: (1) address activities at risk of fraud, waste, abuse, and mismanagement; (2) improve the economy and efficiency of federal operations; (3) reassess what the federal government does; and (4) redefine the beneficiaries of federal government programs.GAO noted th...
Internal Revenue Service: Serious Weaknesses Impact Ability to Report on and Manage Operations
AIMD-99-196: Published: Aug 9, 1999. Publicly Released: Aug 9, 1999.
GAO followed up on its report on the Internal Revenue Service's (IRS) fiscal year (FY) 1998 financial statements.GAO noted that: (1) significant financial management system limitations and internal control weaknesses prevented IRS from reliably reporting on the results of its administrative activities for FY 1998 and from having reliable financial information for managing its operations; (2) these...
Internal Revenue Service: Custodial Financial Management Weaknesses
AIMD-99-193: Published: Aug 4, 1999. Publicly Released: Aug 4, 1999.
Pursuant to a legislative requirement, GAO provided information on the internal control and compliance issues related to the Internal Revenue Service's (IRS) custodial activities, focusing on: (1) previously reported internal control and compliance issues and related recommendations; (2) new issues identified during GAO's fiscal year (FY) 1998 financial audit, along with new recommendations to add...