 "Catalyst (Dublin, Ohio)")
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GAO critical of IRS's cost accounting compliance.(National)
Catalyst (Dublin, Ohio)
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March 1, 2006
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COPYRIGHT 2006 Ohio Society of Certified Public Accountants. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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Congressional auditors censured the IRS for its slow implementation of federal accounting rules requiring government agencies to implement effective management reporting for cost information.
In a report to Congress, GAO investigators concluded that the federal government is doing a mediocre job in complying with government accounting standards that call for the development and execution of managerial cost accounting.
While some agencies were praised for showing leadership in the development of cost accounting systems, ...
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