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GAO Finds Serious Flaws in IRS Controls

The service reportedly did not provide "reasonable assurance" that losses, misstatements, and noncompliance could be prevented or found out in sufficient time.

> > The IRS has had serious shortcomings in its internal controls and financial management systems that caused the IRS to sap its resources in the preparation of its financial statements in the 2004 2005 fiscal years, according to a recent report by the U.S. Government Accountability Office.
Source: CFO


Published:2005-11-14
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Capital Markets Report Urges 404 Fixes
A panel says changes in the way Sarbanes-Oxley has been applied will improve the competitiveness of the U.S. capital markets.

Wal-Mart Whistleblower Drops Lawsuit
Former executive still has a whistleblower case pending before the Labor Department.

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