Details:

Alternative Title:
Applying agreed upon procedures : fiscal year two thousand eight Highway Trust Fund excise taxes;Highway Trust Fund excise taxes;Highway Trust Fund excise tax procedures;
Creators:
Sebastian, Steven J.
Corporate Creators:
United States. Government Accountability Office
Subject/TRT Terms:
[+]
Distribution (Economic Theory) Economic Models Excise Tax ¿z United States Fees Government Funding Taxes United States--Internal Revenue Service--Accounting
Publication/ Report Number:
GAO-09-91R
Resource Type:
Tech Report
Geographical Coverage:
United States
Corporate Publisher:
United States. Government Accountability Office
Abstract:
We have performed the procedures described in the enclosure to this letter, which we

agreed to perform and with which you concurred, solely to assist your office in

ascertaining whether the net excise tax revenue distributed to the Highway Trust

Fund (HTF) for the fiscal year ended September 30, 2008, is supported by the

underlying records. As agreed with your office, we evaluated fiscal year 2008 activity

affecting distributions to the HTF.

We conducted the engagement in accordance with U.S. generally accepted

government auditing standards, which incorporate financial audit and attestation

standards established by the American Institute of Certified Public Accountants.

You are responsible for the adequacy of these agreed-upon procedures to meet your

objectives, and we make no representation in that respect. The procedures we agreed

to perform were related to (1) transactions that represent the underlying basis of

amounts distributed to the HTF during fiscal year 2008, (2) the Internal Revenue

Service’s (IRS) quarterly HTF receipt certifications during fiscal year 2008, (3) the

Department of the Treasury’s Financial Management Service adjustments to the HTF

during fiscal year 2008, (4) the Department of the Treasury’s Office of Tax Analysis’s

(OTA) process for estimating excise tax amounts to be distributed to the HTF for the

fourth quarter of fiscal year 2008, (5) adjustments to the HTF for tax on kerosene

used in aviation during fiscal year 2008, and (6) the amount of net excise taxes

distributed to the HTF during fiscal year 2008. The enclosure provides more detail on

the agreed-upon procedures and our results.


Format:
PDF
Collection(s):
US Transportation Collection
Main Document Checksum:
[+]
urn:sha256:aa9ac5d1f39ea750ee39149b09c1d4b82c2cbe9dd052f699bf8aaed3b320ca8d
Download URL:
https://rosap.ntl.bts.gov/view/dot/17248/dot_17248_DS1.pdf
File Type:

Supporting Files

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