New Audit Announcements
Audit Initiated of Federal Transit Administration's Oversight of Grants in Virginia Department of Rail and Public Transportation
We announced the start of an audit of FTA's Oversight of Grants in Virginia Department of Rail and Public Transportation. Our objectives are to determine whether: (1) grant draw downs are adequately supported and whether grantees are managing grant receipts in accordance with Federal requirements; (2) costs charged to the grants are allowable and accurate; (3) FTA's oversight mechanisms adequately identify issues associated with the grantees' financial and grant management; and (4) required financial status of grants and progress reports accurately reflect grantees' grant activity and are submitted timely.