Audit Finds Lack of Financial Documentation, Ratings in Western State Reviews
Jerry Ashworth
- Single Audit Information Service
June 5, 2017 at 03:29:00 ET
The Federal Transit Administration (FTA) plans to develop controls to ensure that financial capacity assessment reports for Capital Improvement Program (CIG) grant projects are reviewed and appropriately rated for financial risk after a recent audit of several Western transit projects found that agency staff maintained insufficient review documentation. FTA receives about $2 bil...
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