State DOT Financial Auditing Requirements for Public Transportation Assistance Programs (2012) / Chapter Skim
Currently Skimming:
State Requirements
State Requirements
Pages 10-11
The Chapter Skim interface presents what we've algorithmically identified as the most significant single chunk of text within every page in the chapter.
Select key terms on the right to highlight them within pages of the chapter.
From page 10... ...
state Requirements Six states cited statutes or laws requiring financial audits of subrecipients and an additional four states described state administrative policies addressing financial audit requirements above and beyond the OMB Circular A-133 requirements. Using the results of the survey, the research team sought to identify state DOTs whose financial auditing requirements represented best practices to be considered for more detailed description.
|
From page 11... ...
In addition to monitoring subrecipient compliance with OMB Circular A-133 audit requirements, New York State DOT has a state single audit requirement for agencies that receive $100,000 or more in state transportation assistance. A 34-page Guidance for Auditors developed by the state's CAB contains specific information that other state DOTs could use as a basis for providing uniform auditing requirements at the state level.
|
Key Terms
This material may be derived from roughly machine-read images, and so is provided only to facilitate research.
More
information on Chapter Skim is available.