Financial Audits

CFO Implementation at IRS and Customs Gao ID: T-AIMD-94-164 July 28, 1994

This testimony assesses the progress of the Internal Revenue Service (IRS) and the Customs Service in complying with the financial reporting and other requirements of the Chief Financial Officers Act of 1990. GAO discusses the results of its attempt to audit IRS' and Customs' fiscal year 1993 financial statements, the short-term actions needed by IRS and Customs to continue their progress in resolving serious financial management problems, and IRS' and Customs' efforts to establish the financial management organizations and systems called for by the act.



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