We performed a quality control review (QCR) on the single audit that Cherry Bekaert, LLP performed for the City of Charlotte’s (City) fiscal year that ended June 30, 2018. During this period, the City expended approximately $100 million from the U.S. Department of Transportation’s (DOT) grant programs. Cherry Bekaert determined that DOT’s major programs were the Federal Transit Cluster, the Airport Improvement Program, and the Highway Planning and Construction Cluster.
Our QCR objectives were to determine (1) whether the audit work complied with the Single Audit Act of 1984, as amended, and 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 programs; and (2) whether the City’s reporting package complied with the reporting requirements of the Uniform Guidance.
What We Found
Cherry Bekaert’s audit work complied with the requirements of the Single Audit Act, the Uniform Guidance, and DOT’s major programs. We found nothing to indicate that Cherry Bekaert’s opinion on each of DOT’s major programs were inappropriate or unreliable. However, we identified deficiencies in Cherry Bekaert’s audit work that should be corrected in future audits. In addition, we identified a deficiency in each of the City’s initial and revised reporting packages that required correction and resubmission.