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GAO-08-368R 1 (2008-06-04)

handle is hein.gao/gaocrptawhx0001 and id is 1 raw text is: SpGAO Accountability * Integrity * Reliability United States Government Accountability Office Washington, DC 20548 June 4, 2008 The Honorable Douglas H. Shulman Commissioner of Internal Revenue Subject: Management Report: Improvements Needed in IRS's Internal Controls Dear Mr. Shulman: In November 2007, we issued our report on the results of our audit of the Internal Revenue Service's (IRS) financial statements as of, and for the fiscal years ending, September 30, 2007, and 2006, and on the effectiveness of its internal controls as of September 30, 2007.' 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 the requirements of the Federal Financial Management Improvement Act of 1996 (FFMIA). The purpose of this report is to discuss issues identified during our audit of IRS's financial statements as of, and for the fiscal year ending, September 30, 2007, regarding internal controls that could be improved for which we currently do not have a specific recommendation outstanding. Although not all of these issues were discussed in our fiscal year 2007 audit report, they all warrant management's consideration. This report contains 24 recommendations that we are proposing IRS implement to improve its internal controls. We will issue a separate report on the implementation status of recommendations from our prior IRS financial audits and related financial management reports, including this one. We conducted our audit in accordance with U.S. generally accepted government auditing standards. Results in Brief During our audit of IRS's fiscal year 2007 financial statements, we identified several internal control matters not addressed by previous recommendations. These matters concern the following: 'GAO, Financial Audit: IRS's Fiscal Years 2007 and 2006 Financial Statements, GAO-08-166 (Washington, D.C.: Nov. 9, 2007). GAO-08-368R IRS Management Report

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