Subject
title
Fiscal Year 2022-23 Single Audit and Agreed-Upon Procedures Reports
overview
Overview
The Orange County Transportation Authority is required to obtain an independent auditor’s opinion on its compliance with requirements of major federal programs. Crowe LLP, an independent accounting firm, has issued the required Single Audit report with its opinion on the Orange County Transportation Authority’s compliance with major federal programs. In addition, reports have been issued on the results of agreed-upon procedures applied by Crowe LLP, to assist management in determining compliance with certain state, federal, and local requirements.
recommendation
Recommendations
A. Receive and file the fiscal year 2022-23 Single Audit and agreed-upon procedures reports, and management responses (as applicable) as information items.
B. Direct staff to implement auditor recommendation to implement effective controls to ensure deferred compensation plan changes are appropriately reflected in system calculations.
C. Direct staff to implement management responses to auditor findings in the application of agreed-upon procedures related to the National Transit Database Report and the Treasury Department.