GAO Report: Deficiencies in IRS’s Controls Over Financial Reporting

New control deficiencies identified during fiscal year 2020 testing of IRS’s controls over financial reporting, the Government Accountability Office reported May 4. GAO is making one recommendation in the public report to address the control deficiency in security management — the IRS should reasonably assure that reviews of external third parties’ systems reference current documentation that supports IRS assessments of risk. [GAO-21-401R, Management Report: Internal Revenue Service Needs to Improve Financial Reporting and Information System Controls (May 4, 2021)]

Reference:
View Source Document.