New Audit Announcements

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Department of Transportation FY 2004 Financial Statements

We initiated an audit of DOT’s FY 2004 financial statements, which will determine whether, among other objectives: (1) the DOT financial statements are presented fairly, in conformity with generally accepted accounting principles; (2) DOT has adequate internal controls over financial reporting; (3) DOT has complied with laws and regulations that could have a direct and material effect on the financial statements; and (4) the DOT financial management systems substantially comply with the Federal Financial Management Improvement Act.