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Example Sentences for "audited "

Anne's home business got audited last year, but she had all her receipts and stuff, so there wasn't any problem.

" According to the Wall Street Journal "Tax Report," the IRS audited about 14.

In 1995, the IRS audited 2 percent of those with incomes of less than $25,000, 1 percent of those between $25,000 and $100,000, and almost 3 percent of those whose incomes topped $100,000.

Only 1 percent of returns get audited at all.

And best of all, since any IC office must be audited by the government every six months, someone must be retained to preside over the office while it's being audited.

The first issue was mailed to 96 paid subscribers, this issue will go to more than 7000, including many outside the United States that are not numbered among those listed in the audited annual circulation report required by the Postal Service to maintain a Second Class mailing privilege.

For the government's major departments and agencies, this legislation (1) established chief financial officer positions, (2) required audited financial statements annually, and (3) set expectations for agencies to develop and deploy more modern financial management systems, produce sound cost and operating performance information, and design results oriented reports on the government's financial condition by integrating budget, accounting, and program information.

Similarly, according to a 1998 survey of federal CFOs,3 federal finance organizations continue to expand their focus from audited financial statements to include performance measurement and strategic planning.

With the passage of the Single Audit Act in 1984, the Commonwealth of Virginia had to produce and have audited Comprehensive Annual Financial Reports (CAFR) for the first time.

Although not required by the act, the state Comptroller had each state agency also produce audited financial statements, thereby ensuring accountability at every level of government rather than solely at those levels considered material to CAFR.

These reports consolidate and integrate audited financial statements and reporting under the Results Act and other related laws to (1) show the degree to which an agency met its goals and at what cost and (2) aid the reader in determining whether the agency was well run.

Government Management Reform Act of 1994 (Public Law 103-356) ¬ This legislation expands the requirement for a fully audited financial statement under the CFO Act to 24 agencies and components of federal entities designated by the Office of Management and Budget.

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