Control deficiencies in IRS financial systems have led to errors to taxpayer accounts, according to the Government Accountability Office (GAO). In general, IRS financial statements reviewed by the GAO were reliable and financial reporting controls were effective, “although some information system and unpaid assessment controls could be improved.” Controls related to unpaid tax bills contain shortcomings that affect the agency’s “ability to produce reliable financial statements.” They also “increase the risk of unauthorized access to, modification of, or disclosure” of sensitive taxpayer data. The GAO’s report called for continued management attention to fully address these deficiencies. Call or visit our website for more information! www.mjscpa.com/
