The Internal Revenue Service continues to have problems with its internal controls and financial management systems, according to a new report from the Government Accountability Office.

The GAO acknowledged in its financial audit that the IRS's fiscal 2008 and 2007 financial statements were fairly presented in all material respects, but noted that "serious internal control and financial management systems deficiencies continued to make it necessary for IRS to rely on resource-intensive compensating processes to prepare its balance sheet."

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