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Caught Our Eye Rss

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Financial Audit: IRS's FY 2019 and FY 2018 Financial Statements

  Premium   Download PDF Now (143 pages)
Report Type Reports and Testimonies
Report Date Nov. 8, 2019
Release Date Nov. 8, 2019
Report No. GAO-20-159
Summary:

In 2019, IRS collected over $3 trillion in taxes. This money equates to about 95% of the gross revenue of the United States and helps fund the country. Accordingly, IRS’s financial management is important to Congress and taxpayers.

We audit IRS's financial statements each year and issue an opinion on them, as well as on the effectiveness of the agency's internal controls (e.g., its ability to ensure that transactions are properly authorized and recorded).

We found that IRS’s financial statements were reliable and that its internal controls over financial reporting were effective in 2019.

The IRS

The IRS

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