Financial Audit

Financial Audit

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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, for which an audit is required, and CongressAis interest in financial management at IRS, an audit of IRSAis financial statements is performed annually to determine whether: (1) the financial statements are fairly stated; and (2) IRS management maintained effective internal control over financial reporting. The auditor also tests IRSAis compliance with selected provisions of significant laws and regulations and its financial systemsAi compliance with the Federal Financial Management Improvement Act of 1996 (FFMIA). Includes recommendations. Charts and tables.INTERNAL REVENUE SERVICE Management Discussion and Analysis For the Fiscal Year Ended September 30, 2009 INTERNAL ... Provide Taxpayers With Targeted, Timely Guidance And Outreach. ... Passage of the First-Time Homebuyer Credit and provisions of the American Reinvestment and Recovery Act as well asanbsp;...

Title:Financial Audit
Author:Steven J. Sebastian
Publisher:DIANE Publishing - 2010-02


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