IRS Financial Management: Has There Been Any Improvement? : Hearing Before the Subcommittee on Government Management, Information, and Technology of the Committee on Government Reform and Oversight, House of Representatives, One Hundred Fourth Congress, Second Session, September 19, 1996United States, United States. Congress. House. Committee on Government Reform and Oversight. Subcommittee on Government Management, Information, and Technology U.S. Government Printing Office, 1997 - 77 pages Distributed to some depository libraries in microfiche. |
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Page 15
There are deep problems with the accounting systems over there in terms of their
capability to keep track of this . But part of the problem is rooted in how tax
receipts come into the Treasury Department and IRS in terms of their not being ...
There are deep problems with the accounting systems over there in terms of their
capability to keep track of this . But part of the problem is rooted in how tax
receipts come into the Treasury Department and IRS in terms of their not being ...
Page 23
... track from detailed taxpayer records those owing taxes reportable as accounts
receivable . To mitigate this system ' s limitation in fiscal year 1995 , IRS reported
accounts receivable by using the uncollected assessment information from its ...
... track from detailed taxpayer records those owing taxes reportable as accounts
receivable . To mitigate this system ' s limitation in fiscal year 1995 , IRS reported
accounts receivable by using the uncollected assessment information from its ...
Page 24
IRS will need to - - design its financial management system to analyze all
outstanding amounts to properly identify and report valid accounts receivable
and the amount expected to be collected ; track all activity affecting IRS ' accounts
...
IRS will need to - - design its financial management system to analyze all
outstanding amounts to properly identify and report valid accounts receivable
and the amount expected to be collected ; track all activity affecting IRS ' accounts
...
Page 35
1 , having a detailed action plan that is credible , has very explicit milestones ,
and can be used to track progress both on the part of the managers within the
agency as well as the Congress . In the early years , as I mentioned in my
statement , I ...
1 , having a detailed action plan that is credible , has very explicit milestones ,
and can be used to track progress both on the part of the managers within the
agency as well as the Congress . In the early years , as I mentioned in my
statement , I ...
Page 37
Yes , well , one of the problems we have had and we reported on in our financial
audits was the inability to track the cost of the tax system modernization effort .
We have had some problems exactly pinning that down in those areas and , also
...
Yes , well , one of the problems we have had and we reported on in our financial
audits was the inability to track the cost of the tax system modernization effort .
We have had some problems exactly pinning that down in those areas and , also
...
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ability acceptance accounting system accounts receivable actions addition administrative agencies amounts appropriations asked assessments auditors balances basis believe billion bureaus cash CFO Act Chairman Chief Financial Officer clean closely collected complete continue controls corporate correct Department deposit designed detailed determine develop differences documentation DODARO effective effort ensure example Federal financial audit financial management financial management systems financial statements fiscal fiscal year 1995 funds give going Government hearing HORN identify implemented important improve issues ledger look master file mean meet ment MUSICK operations opinion payments prepare problems procedures progress question recommendations reconciled records reliability reported requirements resolve responsibility revenue accounting Service significant Social Security standards Subcommittee sure talk taxpayers thank things track transactions Treasury trying verified
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Page 26 - This is critical to (1) aid in identifying better interim solutions for reporting revenues and refunds and (2) provide better insights on the longer term system fixes needed to enable IRS to readily and reliably provide the underlying support for its reported revenue and refund amounts.
Page 1 - ... $122 billion for fiscal year 1995) cannot be verified or reconciled to accounting records maintained for individual taxpayers in the aggregate.
Page 61 - The amounts of total revenue and tax refunds cannot be verified or reconciled to accounting records maintained for individual taxpayers.
Page 1 - IRS's financial statements for any of the four fiscal years from 1992 through 1995. The...
Page 52 - We are also working on short-term solutions and long-term redesigns that will modernize our revenue accounting system and ensure that it provides information that is needed for the financial statement audit.
Page 23 - Issues With Revenue IRS' financial statement amounts for revenue, in total and by type of tax, were not derived from its revenue general ledger accounting system (RACS) or its master files of detailed individual taxpayer records. This is because RACS did not contain detailed information by type of tax, such as individual income tax or corporate tax, and the master file cannot summarize the taxpayer information needed to support the amounts identified in RACS. As a result, IRS relied on alternative...
Page 24 - IRS' master files; and $148 billion in corporate income taxes— this amount was $6.6 billion more than what was recorded in IRS' master files. Thus, IRS did not know and we could not determine if the reported amounts were correct. These discrepancies also further reduce our confidence in the accuracy of the amount of total revenues collected.
Page 18 - ... successfully implemented a financial management system for its appropriated funds to account for its day-to-day operations, which should help IRS to correct some of its past transaction processing problems that diminished the accuracy and reliability of its cost information; and successfully transferred its payroll processing to the Department of Agriculture's National Finance Center and, as a result, properly accounted for and reported its $5.1 billion of payroll expenses for fiscal year 1994.
Page 55 - ... has two separate financial processes to track funds: the administrative system that handles our appropriated funds and our revenue system that tracks tax collections.
Page 24 - ... the discrepancy remains uncertain. In addition to the difference in total revenues collected, we also found large discrepancies between information in IRS' master files and the Treasury data used for the various types of taxes reported in IRS
Informations bibliographiques
| Titre | IRS Financial Management: Has There Been Any Improvement? : Hearing Before the Subcommittee on Government Management, Information, and Technology of the Committee on Government Reform and Oversight, House of Representatives, One Hundred Fourth Congress, Second Session, September 19, 1996 |
| Auteurs | United States, United States. Congress. House. Committee on Government Reform and Oversight. Subcommittee on Government Management, Information, and Technology |
| Collaborateur | U. S. Congress, House Committee on Government Reform and Oversight, Subcommittee on Government Management, Information, and Technology Staff |
| Éditeur | U.S. Government Printing Office, 1997 |
| ISBN | 0160558603, 9780160558603 |
| Longueur | 77 pages |
| Exporter la citation | BiBTeX EndNote RefMan |