Audit Reports

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Quality Control Review of Single Audit on the New Jersey Transit Corporation

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On August 24, 2011, we issued a quality control report on a single audit performed by Ernst & Young, LLP, on the New Jersey Transit Corporation's (NJT) use of U.S. Department of Transportation (DOT) grants for the fiscal year ending June 30, 2010.  During this period, NJT expended approximately $715 million from DOT grant programs, as shown in the attached Schedule of Expenditures of Federal Awards.  The major programs tested by Ernst & Young included the Federal Transit Cluster and Formula Grants for Other than Urbanized Areas Program.  We determined the work of Ernst & Young to be acceptable, and therefore met the requirements of generally accepted government auditing standards, the Act, and OMB Circular A-133.  We found nothing to indicate that Ernst & Young's opinion on NJT's financial statements or reports on NJT's internal controls and compliance were inappropriate or unreliable.