Quality Control Review of DOT's Audited Consolidated Financial Statements for FY 2008 and FY 2007
On November 14, we issued a quality control report of the audit of the Department of Transportation’s (DOT) Fiscal Years 2008 and 2007 financial statements. KPMG LLP, under contract to us and under our supervision, issued a clean (unqualified) audit opinion. However, KPMG indentified seven internal control significant deficiencies, none of which were determined to be material weaknesses, and four instances of potential or known noncompliance with laws and regulations.
Complete financial statements will be included in DOT’s Performance and Accountability Report, which will also contain a copy of the KPMG report.