TRB's National Cooperative Highway Research Program (NCHRP) Research Results Digest 368: State DOT Financial Auditing Requirements for Public Transportation Assistance Programs identifies various financial policies and procedures used by states for conducting grantee financial audits.
The report documents policies, procedures, and practices used by some state departments of transportation designed to enhance and streamline their current financial auditing requirements.
Table of Contents
|Financial Auditing Requirements of State DOTs||6-6|
|Who Conducts and Pays for Financial Audits||7-7|
|Financial Audit Reporting Submission Deadlines and Consequences||8-9|
|Procedures for Obtaining and Reviewing Subrecipient Financial Audits||12-12|
|The Oregon DOT||13-13|
|Procedures for Obtaining and Reviewing Subrecipient Financial Audits||14-14|
|Source of Financial Audit Requirement||15-15|
|Role of State DOT Auditor||16-16|
|Sources of Financial Audit Requirement||17-17|
|Role of the Internal Auditor||18-18|
|The Michigan DOT||19-19|