Gao-16-457r, Management Report
Gao-16-457r, Management Report

Author: United States Government Accountability Office

Publisher: Createspace Independent Publishing Platform

Published: 2017-10-17

Total Pages: 44

ISBN-13: 9781977580634

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- authorization of a - accuracy of future - verification of pay This report provides recommendations ar and accountability of the Standards for Inte As of September 30, recommendations fro fiscal year 2015 audit which consist of the p are making in this rep the open recommend In commenting on a d appropriate improve with our 17 new reco address each recom Objectives, Scope, Our objectives were t the status of IRS's co which actions were n 5GAO, Standards for Inter November 1999), contains maintaining systems of int Managers' Financial Integ September 2014, and the control deficiencies from o for Internal Control in the

Management Report
Management Report

Author: U S Government Accountability Office (G

Publisher: BiblioGov

Published: 2013-06

Total Pages: 58

ISBN-13: 9781289056988

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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 regulations and on whether IRS's financial management systems substantially comply with the requirements of the Federal Financial Management Improvement Act of 1996. In March 2011, we issued a report on information security issues identified during our fiscal year 2010 audit, along with associated recommendations for corrective actions. The purpose of this report is to present internal control issues identified during our audit of IRS's fiscal year 2010 financial statements for which we do not already have any recommendations outstanding. While two of these issues contributed to a significant deficiency in internal control discussed in our report on the results of our fiscal year 2010 financial statement audit, they all warrant IRS management's attention. This report provides 29 recommendations to address the internal control issues we identified. We will issue a separate report on the status of IRS's implementation of the recommendations from our prior IRS financial audits and related financial management reports, as well as this one.

Management Report
Management Report

Author: Government Accountability Government Accountability Office

Publisher: CreateSpace

Published: 2015-01-02

Total Pages: 58

ISBN-13: 9781505635386

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This report addresses internal control deficiencies we identified during our audit of IRS's fiscal years 2012 and 2011 financial statements and during our agreed-upon procedures work concerning excise tax distributions to the Airport and Airway Trust Fund and the Highway Trust Fund. As part of our financial statement audit, we tested IRS's internal control over financial reporting.11 We designed our audit procedures to test relevant controls, including those for proper authorization, execution, accounting, and reporting of transactions and for the safeguarding of assets and taxpayer information. In conducting the audit, we reviewed applicable IRS policies and procedures, observed operations, tested samples of transactions, examined relevant documents and records, and interviewed management and staff. Further details on our audit scope and methodology are provided in our November 2012 report on the results of our audit of IRS's fiscal years 2012 and 2011 financial statements.

Management Report
Management Report

Author: Steven J. Sebastian

Publisher: DIANE Publishing

Published: 2009-02

Total Pages: 39

ISBN-13: 1437906338

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In Nov. 2007, a report was issued on the results of an audit of the IRS¿s financial statements for the FY ending, Sept. 30, 2007, and 2006, and on the effectiveness of its internal controls. The report also commented on whether IRS¿s financial mgmt. systems substantially comply with the requirements of the Fed. Financial Mgmt. Improvement Act of 1996. The purpose of this report is to discuss issues identified during the audit of IRS¿s financial statements for the FY ending Sept. 30, 2007, regarding internal controls that could be improved for which they currently do not have a specific recommendation outstanding. This report contains 24 recommendations that are being proposed that IRS implement to improve its internal controls. Charts and tables.

Management Report
Management Report

Author: United States Government Accountability Office

Publisher: Createspace Independent Publishing Platform

Published: 2017-12-21

Total Pages: 44

ISBN-13: 9781981882199

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Management Report: Improvements Are Needed to Enhance the Internal Revenue Service's Internal Control over Financial Reporting

Internal Revenue Service
Internal Revenue Service

Author: Steven J. Sebastian

Publisher: DIANE Publishing

Published: 2009-02-01

Total Pages: 95

ISBN-13: 143790761X

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Since its first audit of IRS¿s financial statements in FY 1992, GAO has identified a number of weaknesses in IRS¿s financial mgmt. operations. In related reports, GAO has recommended corrective action to address those weaknesses. Each year, as part of the annual audit of IRS¿s financial statements, GAO not only makes recommendations to address any new weaknesses identified but also follows up on the status of weaknesses GAO identified in previous years¿ audits. This report will: (1) assist IRS mgmt. in tracking the status of audit recommendations and actions needed to fully address them; and (2) demonstrate how the recommendations relate to control activities central to IRS¿s mission and goals. Includes recommendations. Illustrations.

Pension Plan Valuation
Pension Plan Valuation

Author: Patricia Edwards

Publisher:

Published: 2015

Total Pages: 128

ISBN-13: 9781634832397

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A pension is a voluntary benefit offered by employers to assist employees in providing for their financial security in retirement. Public and private sector defined benefit pension plans are subject to different rules and guidance regarding discount rates--interest rates used to determine the current value of estimated future benefit payments. This book addresses the significance of differences in approaches used to determine discount rates among public and private plans; purposes for measuring the value of a plan's future benefits and key considerations for determining discount rate policy; and approaches selected countries have taken to choose discount rates.