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ability accordance accounts payable actions activities addition adjustments administrative accounts receivable Administrative Financial Statements alter amounts appropriations assets audit authorized automated budget budgetary cash Chief collection Comments complete compliance computer support personnel continues correct costs Department determine discussed documentation effect efforts employees Ended September ensure established estimated federal agencies fees files financial management Financial Position fiscal year 1996 Fiscal Year Ended fund balance Government identified implemented improve individual internal controls Internal Revenue Service laws laws and regulations liabilities material weaknesses million monitor Notes objectives Office operating expenses Operations and Changes opinion payment perform period plans prepared presented Principal Financial Statements prior problems procedures programs property and equipment receipt and acceptance recommendations reconcile records reduced reimbursable reliable represent responsible September 30 significant specific taxpayer transactions Treasury unable
Page 10 - ... in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions.
Page 21 - The purpose of the Internal Revenue Service is to collect the proper amount of tax revenue at the least cost; serve the public by continually improving the quality of our products and services; and perform in a manner warranting the highest degree of public confidence in our integrity, efficiency, and fairness.
Page 28 - Under the accrual method, revenues are recognized when earned and expenses are recognized when liabilities are incurred, without regard to receipt or payment of cash. Budgetary accounting facilitates compliance with legal constraints and controls over the use of Federal funds.
Page 1 - In holding hearings pursuant to subdivision (A), the committee shall receive testimony from the Secretary of the Treasury, the Director of the Office of Management and Budget, the Chairman of the Council of Economic Advisers, and such other persons as the committee may desire.
Page 6 - Our audit was required by the Chief Financial Officers Act of 1990, as expanded by the Government Management Reform Act of 1994. This report contains our (1) unqualified opinion on IRS...
Page 23 - ... revenues, and expenditures applicable to agency operations are properly recorded and accounted for to permit the preparation of accounts and reliable financial and statistical reports and to maintain accountability over agency assets.
Page 24 - OMB, the statements are in addition to the financial reports used to monitor and control budgetary resources which are prepared from the same books and records. • The statements should be read with the realization that they are for a component of the US Government, a sovereign entity.
Page 22 - Districts may have local offices, the number and location of which are determined by taxpayer and agency needs. Headquarters Organization The National Office, located in Washington, DC, develops nationwide policies and programs for the administration of the internal revenue laws and provides overall direction to the field organization.
Page 16 - Audit,; Examination of IRS* Fiscal Year 1995 Financial Statements (GAO/AIMD-96-101, July 11, 1996); Financial Audit: Examination of IRS...