The Government Accountability Office has issued a report containing dozens of recommendations for ways the Internal Revenue Service should improve its internal controls.

Among the problems identified by the GAO were that summary information reported in the IRS's general ledger system for tax-related transactions could not be traced to the underlying detailed transaction records. The GAO also found that supervisory review procedures for the IRS's unpaid assessments estimation process were not effective in preventing or detecting errors.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access