IRS Gets Clean Bill of Health
The General Accounting Office couldn't find any problems with the IRS's financial statements for 2000 - a first for the tax service, which in the past has always received qualified opinions on its year-end statements.
"This is a significant accomplishment and an important milestone in the progress of the IRS," according to Charles O. Rosotti, IRS Commissioner.
The GAO report highlighted some weaknesses in the IRS's internal controls, and it is expected that those weaknesses will be addressed in future years.
Voice of the Editor
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.