Audit of the Alcohol and Tobacco Tax and Trade Bureau’s Fiscal Years 2012 and 2011nFinancial Statement. Audit Report.

摘要

Supporting the Nation’s economic recovery and ongoing prosperity is at the core of the work performed by the Alcohol and Tobacco Tax and Trade Bureau (TTB). The Bureau’s role in permitting and regulating the alcohol and tobacco industries ensures a fair marketplace, Inhanced trade opportunities, and a level playing field for those engaged in the manufacture and trade of these commodities. As the Nation’s excise tax authority on alcohol and tobacco products, TTB also ensures fair and effective tax administration and enforcement in a globalized marketplace. As the country continues to recover from the global recession , TTB is focused on supporting the business community it serves by reducing the burden of compliance and addressing the illicit trade that under mines their legitimate operations. In the 10 years since TTB’s inception, the industries that the Bureau regulates have continued to expand, evidenced by the 60 percent growth in the permit applications and registrations that TTB receives. Annual tax revenue from the alcohol, tobacco, firearms, and ammunition industries totals more than $23 billion annually, making TTB the third largest tax collection agency in the Federal government. The revenue that TTB collects on these products goes toward funding national priorities. Maintaining a responsive and effective organization requires Government agencies to look at their business processes and operations anew. TTB, like the businesses its regulates, must continuously look for ways to effect its mandates more efficiently and effectively, leveraging limited resources in smarter and more innovative ways to ensure that the investments made in its mission show a return. Within its FY 2012 Annual Report, TTB combines program performance and financial data to demonstrate how effectively the Bureau translates its program dollars into quality service, responsible management practices, consumer protection, and increased tax revenue. Each year, as part of the performance and budget cycle, TTB issues this report to inform its stakeholders of the Bureau’s accomplishments and explain any challenges. The report defines the Bureau’s mission, strategic goals, and major programs, and summarizes its progress in meeting its objectives, as stated in the TTB strategic plan. TTB also presents financial information that depicts how TTB expended its budget according to its major programs, and accounted for tax collections from the alcohol, tobacco, firearms, and ammunition industries.