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IRS Has Serious Internal Control Deficiencies, Says GAO
November 15, 2011
A guest post from our good friend Tim Wise at ACTA.
The U.S. General Accountability Office (GAO) has completed its audit of the IRS's Fiscal Years 2011 and 2010 Financial Statements (summary, 1-page highlights and full report, both require Adobe). As the GAO reports, "IRS is a large and complex organization, posing unique operational and financial management challenges for its management. IRS employs over 100,000 people in its Washington, D.C., headquarters and over 700 offices in all 50 states and U.S. territories and in some U.S. embassies and consulates."
In the report highlights, GAO wrote that it found:
While GAO said that "IRS continued to make strides in addressing its deficiencies in internal control," it also said:
GAO also points out that 182 recommendations remain "open" from its prior audits of IRS's financial statements. Here is how GAO reports that in more detail on page 14:
IRS's "management discussion and analysis" begins on page 23, which contains a great deal of informative data about the IRS, including a number of charts and tables. The financial statements begin on page 58.
HT Tax Prof Blog.
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