New Audit Announcements

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In fiscal year 2021, the Department of Transportation (DOT) reported $12.7 billion, net value, in capitalized general property, plant, and equipment, which included $4.6 billion in equipment with a service life of 5 to 15 years. The General Services Administration establishes that personal property management helps Federal agencies mitigate waste, fraud, and loss of assets. Accordingly, we are initiating this audit. Our objective is to assess DOT’s internal controls for managing capitalized equipment.