Quality Control Review of Audited Financial Statements for FY 2004 and FY 2003, Highway Trust Fund
On September 7, we reissued our quality control review of the revised FY 2004 Highway Trust Fund Financial Statements, audited by Clifton Gunderson LLP, of Calverton, Maryland. The revision was necessary because FHWA disclosed an error in the Statement of Budgetary Resources as of September 30, 2004,resulting in a $2.966 billion understatement of previously reported Total Budgetary Resources. The FY 2004 Highway Trust Fund financial statements, notes, and supplemental information have been corrected, and Clifton Gunderson reissued and dual dated (November 8, 2004 and June 30, 2005) its audit report. In our opinion, the work performed by Clifton Gunderson complied with applicable standards.