In March 2001, a report was issued on the results of an audit of the Internal Revenue ServiceAis (IRS) financial statements and on the effectiveness of its internal controls as of, and for the fiscal year ending, Sept. 30, 2000. There was also a report on their conclusions in IRSAi compliance with significant provisions of selected laws and regulations and on whether IRSAi systems substantially comply with requirements of the Fed. Financial Mgmt. Improvement Act of 1996. The purpose of this letter is to report additional matters that were identified during the FY 2000 audit regarding accounting procedures and internal controls that could be improved. Illustrations.In testing a statistical sample of accrued expenses recorded at the end of fiscal year 1999, we identified errors in 36 ... Section 2035 of the Treasury Financial Manual (TFM) requires that agencies record such nonexpenditure transfers16 in theanbsp;...
|Title||:||Improvements Needed in IRS¿ Accounting Procedures and Internal Controls|
|Author||:||Jeffrey C. Steinhoff|
|Publisher||:||DIANE Publishing - 2009-03-01|