Applying agreed-upon procedures : fiscal year 2008 highway trust fund excise taxes.

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:
  [PDF - 260.77 KB ]