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IRS: Your chances of getting audited lowest in a decade

Budget cuts forced the IRS to reduce the number of tax audits last year to the lowest level in a decade, IRS Commissioner John Koskinen said Tuesday. And the number of audits could be even lower this year.

Tags: IRS , John Koskinen , budget

Tuesday - 02/24/2015, 05:40pm EST

Audits Scheduled

The DoD has awarded contracts to independent public accounting firms to conduct audits of current year appropriated funds for all of the military services.

Tags: DoD , Army , KPMG , Air Force , Ernst & Young , Cotton and Company

Friday - 12/05/2014, 01:41pm EST

IRS 'took reasonable steps' to implement sequestration cuts

From hiring freezes and furlough days, to cuts to travel and equipment upgrades, the IRS generally 'took reasonable steps' to plan for sequestration, according to a new audit.

Tags: Dena Levitz , sequestration , IRS , budget , TIGTA

Friday - 06/20/2014, 10:53am EDT

David Patterson, N12 Technologies

The Army gears up for its first large-scale financial audit.

Tags: InDepth , Army , financial audit , defense department , finance

Friday - 03/21/2014, 04:28pm EDT

DHS issues first-ever clean financial audit, but IG says more work needed

For the first time in its history, the Homeland Security Department turned in a clean financial audit. A new DHS inspector general report, however, says the department has "significant deficiencies" in its internal control over financial reporting.

Tags: DHS , Financial management , Tom Carper , Bennie Thompson , Senate Homeland and Governmental Affairs Committee , House Homeland Security Committee , inspector general , Michael OConnell , KPMG

Thursday - 12/12/2013, 04:13pm EST

DoD makes slow progress towards clean 2017 audit

Mark Easton, DoD's deputy chief financial officer, says the challenges toward a clean audit are significant but the Pentagon is still optimistic.

Tags: Mark Easton , DoD , CFO , clean audit , Rise of the Money People , On DoD

Wednesday - 04/10/2013, 05:51pm EDT

Federal agencies owe $14 million in unpaid taxes

The $14 million owed to the U.S. treasury comes from money withheld from federal employees' paychecks that was never turned over to the IRS, according to a new audit from the Treasury Inspector General For Tax Administration. The audit also reviewed whether the IRS made recommended changes following a similar audit five years ago.

Tags: TIGTA , IRS , delinquent taxes , J. Russell George

Thursday - 09/27/2012, 02:02pm EDT

DoD at risk of missing 2017 audit deadline

Dan Blair, DoD's deputy inspector general for auditing, blames delays on a new, resource planning system. He says the department has inconsistent controls and unreliable data.

Tags: Dan Blair , DoD , budget , DoD Report , Federal Drive , GovExec

Wednesday - 08/22/2012, 09:47am EDT

Audit backlog may hinder DoD's contracting ability

The Defense Department may be in increasing danger of not knowing whether it's paying contractors a fair price. A rising backlog is crippling the Defense Contract Audit Agency.

Tags: DoD , DoD Report , DCAA , contracting ,

Wednesday - 05/30/2012, 08:49am EDT

Navy puts laser focus on audit readiness

Gladys Commons, assistant secretary of the Navy for financial management and comptroller, said the Navy hopes to have its Statement of Budgetary Resources audit-ready by the end of 2013, ahead of the Defense Department's deadline.

Tags: Navy , Gladys Commons , Financial management , Agency of the Month , Francis Rose

Thursday - 03/15/2012, 02:31pm EDT
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