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GAO-11-494R 1 (2011-06-21)

handle is hein.gao/gaobaanyq0001 and id is 1 raw text is: GA ~GAO Alcoulltabiuy , !ntegrty * Fichbility United States Government Accountability Office Washington, DC 20548 June 21, 2011 The Honorable Douglas H. Shulman Commissioner of Internal Revenue Subject: Management Report: Improvements Are Needed to Enhance the Internal Revenue Service's Internal Controls and Operating Effectiveness Dear Mr. Shulman: In November 2010, we issued our report on the results of our audit of the financial statements of the Internal Revenue Service (IRS) as of, and for the fiscal years ending, September 30, 2010, and 2009, and on the effectiveness of its internal control over financial reporting as of September 30, 2010.' We also reported our conclusions on IRS's compliance with selected provisions of laws and regulations and on whether IRS's financial management systems substantially comply with the requirements of the Federal Financial Management Improvement Act of 1996. In March 2011, we issued a report on information security issues identified during our fiscal year 2010 audit, along with associated recommendations for corrective actions.2 The purpose of this report is to present internal control issues identified during our audit of IRS's fiscal year 2010 financial statements for which we do not already have any recommendations outstanding. While two of these issues contributed to a significant deficiency in internal control discussed in our report on the results of our fiscal year 2010 financial statement audit, they all warrant IRS management's attention. 3 This report provides 29 recommendations to address the internal control issues we identified. We will issue a separate report on the status of IRS's 'GAO, Financial Audit: IRS's Fiscal Years 2010 and 2009 Financial Statements, GAO-11-142 (Washington, D.C.: Nov. 10, 2010). 2GAO, Information Security: IRS Needs to Enhance Internal Control over Financial Reporting and Taxpayer Data, GAO-11-308 (Washington, D.C.: Mar. 15, 2011). 3A material weakness is a deficiency, or a combination of deficiencies, in internal control such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented, or detected and corrected, on a timely basis. A control deficiency exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. GAO-11-494R IRS Management Report

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