Skip to main content

Financial Audit: IRS's Fiscal Years 2008 and 2007 Financial Statements

GAO-09-119 Published: Nov 10, 2008. Publicly Released: Nov 10, 2008.
Jump To:
Skip to Highlights

Highlights

Because of the significance of Internal Revenue Service (IRS) collections to overall federal receipts and, in turn, to the consolidated financial statements of the U.S. government, which GAO is required to audit, and Congress's interest in financial management at IRS, GAO audits IRS's financial statements annually to determine whether (1) the financial statements are fairly stated, and (2) IRS management maintained effective internal control. GAO also tests IRS's compliance with selected provisions of significant laws and regulations and its financial systems' compliance with the Federal Financial Management Improvement Act of 1996 (FFMIA).

Full Report

Office of Public Affairs

Topics

AccountingAccounting proceduresData collectionData integrityFederal regulationsFederal taxesFinancial analysisFinancial institutionsFinancial managementFinancial management systemsFinancial recordsFinancial regulationFinancial statement auditsFinancial statementsIncome taxesInformation managementInformation securityInformation security managementInternal controlsReporting requirementsTax administrationTax administration systemsTax lawTax return auditsTaxpayersVoluntary compliance