The Internal Revenue Service (IRS) isn't effectively auditingcorporations, despite a change in how the agency conducts taxexaminations that was supposed to make the process more efficient,according to an agency watchdog.

The IRS is using the new audit selection system only for about15 percent of audits of large businesses and internationalcompanies, according to a report Thursday from the TreasuryInspector General for Tax Administration. The remaining audits arecoming from old processes that take more time and cost more for theIRS to conduct.

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