This report presents the results of our quality control review (QCR) on the single audit that Ricci & Company, LLC performed for the Rio Metro Regional Transit District’s (District) fiscal year that ended June 30, 2016. During this period, the District expended approximately $14 million from the U.S. Department of Transportation’s (DOT) grant programs. Ricci determined that DOT’s major program was the Federal Transit Cluster.
Our QCR objectives were to determine whether (1) the audit work complied with the Single Audit Act of 1984, as amended, the Office of Management and Budget’s Uniform Guidance, and the extent to which we could rely on the auditors’ work on DOT’s major program; and (2) the District’s reporting package complied with the reporting requirements of the Uniform Guidance.
What We Found
Ricco’s audit work complied with the requirements of the Single Audit Act, the Uniform Guidance, and DOT’s major program. We found nothing to indicate that Ricci’s opinion on DOT’s major program was inappropriate or unreliable. However, we identified deficiencies in the District’s reporting package that required correction and resubmission.