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Monday December 11th 2017

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Quality Control Review of Single Audit on the Chicago Transit Authority


Summary

On January 24, the Office of Inspector General of the US DOT issued a quality control review report on a single audit performed by Crowe Horwath LLP on the Chicago Transit Authority’s use of United States Department of Transportation grants for the fiscal year ending December 31, 2009. During this period, the Authority expended about $529 million from the Federal Transit Administration and the Federal Highway Administration. Crowe Horwath LLP rendered an unqualified (clean) opinion on the Authority’s financial statements and identified internal control and compliance deficiencies related to Davis-Bacon Act requirements and American Recovery and Reinvestment Act reporting. The Office of Inspector General determined that Crowe Horwath’s work generally met the necessary requirements. The Office of Inspector General found nothing to indicate that Crowe Horwath’s opinion on the financial statements or reports on internal control and compliance were inappropriate or unreliable.