Audit Reports

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Quality Control Review Over the Los Angeles County Metropolitan Transportation Authority’s Use of DOT Grants

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On October 26, we issued a quality control review report on a single audit performed by KPMG on the Los Angeles County Metropolitan Transportation Authority’s use of DOT grants for the State of California fiscal year ending June 30, 2008. During this period, the Authority received about $277 million of grants from FTA. KPMG rendered an unqualified (clean) opinion on the Authority’s financial statements, but questioned more than $3.3 million charged to FTA programs. We determined that KPMG’s work generally met the requirements of Generally Accepted Government Auditing Standards, the Single Audit Act of 1984, as amended, and the Office of Management and Budget Circular A–133.

We found nothing to indicate that KPMG’s opinion on the financial statements or reports on internal control and compliance were inappropriate or unreliable. KPMG concurred with our recommendations.