The Internal Revenue Service’s risk assessment process does not provide a reliable assessment of the risk of improper payments in the IRS’s revenue funds, according to a new report.
The report, released Thursday by the Treasury Inspector General for Tax Administration, found that the IRS has determined that only the Earned Income Tax Credit Program was at high risk for improper payments. All other programs were rated low risk. However, prior TIGTA reports indicate otherwise.
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
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access