Management Report: Improvements Needed in IRS's Accounting Procedures and Internal Controls

摘要

In February 2002, we issued our report on the results of our audit of the Internal Revenue Service's (IRS's) financial statements as of, and for the fiscal years ending, September 30, 2001, and 2000, and on the effectiveness of its internal controls as of September 30, 2001. We also reported our conclusions on IRS's compliance with significant provisions of selected laws and regulations and on whether IRS's financial management systems substantially comply with requirements of the Federal Financial Management Improvement Act of 1996. A separate report on the implementation status of recommendations from our prior IRS financial audits and related financial management reports will be issued shortly. The purpose of this report is to discuss additional matters identified during our fiscal year 2001 audit regarding accounting procedures and internal controls that could be improved. These matters are not considered material in relation to the financial statements; however, they warrant management's consideration.