GAO has removed the management of interagency contracting from its list of high risk areas, citing continued progress by agencies in addressing deficiencies, the establishment of additional management controls, the creation of a policy framework for setting up new interagency contracts, and steps taken to address the need for better data on these contracts.
It also took the IRS’s business systems modernization off the list. The agency has made progress in addressing weaknesses in IT and financial management capabilities, GAO said. It said the IRS has delivered the first phases of its tax-processing project and as of January 2012 has started processing and posting individual taxpayers accounts daily, which has resulted in better tax administration and improved service.
Further, the IRS has put in place nearly 80 percent of the practices needed for an effective investment management process, including all of the processes needed for effective project oversight, GAO said.
