Financial Audit: IRS's Fiscal Years 2003 and 2002 Financial Statements
GAO-04-126
Published: Nov 13, 2003. Publicly Released: Nov 13, 2003.
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Highlights
Because of the significance of Internal Revenue Service (IRS) collections to federal receipts and, in turn, to the consolidated financial statements of the U.S. government, which GAO is required to audit, and Congress's interest in financial management at IRS, GAO audits IRS's financial statements annually to determine whether (1) the financial statements IRS prepares are reliable, (2) IRS management maintained effective internal controls, and (3) IRS complies with selected provisions of significant laws and regulations and its financial systems comply with the Federal Financial Management Improvement Act of 1996 (FFMIA).
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AccountabilityFinancial managementFinancial management systemsFinancial statement auditsInternal controlsReporting requirementsTaxpayersFinancial statementsCustomer satisfactionTax laws