New Audit Announcements

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Audit Initiated of the Maritime Security Program

Project ID: 

The Office of Inspector General plans to conduct an audit of the Maritime Administration’s (MARAD) Maritime Security Program (MSP). Under the MSP, vessel operators receive more than $150 million of subsidy annually for maintaining operational requirements in support of national defense requirements. Our audit objective will be to determine if payments to MSP contractors were reduced if the minimum operating requirements were not met.