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Applying Agreed-Upon Procedures: Federal Unemployment Taxes

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Report Type Reports and Testimonies
Report Date Feb. 26, 2001
Report No. GAO-01-382R
Subject
Summary:

GAO performed procedures to determine whether the net federal unemployment tax revenue distributed to the Unemployment Trust Fund for fiscal year 2000 is supported by the underlying records. The procedures GAO agreed to perform include (1) detailed tests of transactions that represent the underlying basis of amounts distributed to the UTF and (2) a review of key reconciliations of the Internal Revenue Service records to those of the Department of the Treasury.

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