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IRS Appoints New Chief Financial Officer

by Mike Godfrey, Tax-News.com, Washington

25 December 2003


Internal Revenue Service Commissioner Mark Everson announced on Tuesday the appointment of Eileen T. Powell to the post of Chief Financial Officer responsible for overseeing the accounting of some $2 trillion in taxpayer receipts.

“Eileen brings a wealth of experience to the position that is critical for the success of the office and by extension, the agency,” comments Everson. “Her experience implementing core accounting and logistics systems at the Veterans Administration and her leadership as the IRS Deputy CFO makes her particularly well qualified to serve as the agency’s CFO.”

According to the IRS, prior to her appointment as CFO, Powell demonstrated her leadership ability while serving as the Acting CFO beginning June 30. As the CFO, Powell continues to have responsibility for the custodial accounting of $2 trillion in taxpayer receipts and the agency’s $10 billion annual operating budget. In addition, as CFO she serves as the principal advisor to the IRS Commissioner and his deputies on financial management, financial systems, strategic planning, performance measurement, budget formulation, budget execution and internal controls.

Before coming to the IRS, Powell was the project director responsible for implementing the Department of Veterans Affairs' new nationwide core accounting and logistics system. She joined the Department of Veterans Affairs in 1998 as the Associate Deputy Assistant Secretary for Financial Operations and was responsible for VA's franchise fund, purchase card program, automated travel management system and departmental accounting services.


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