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Summary

The Office of Inspector General (OIG) issued a quality control review on DOT’s major grant program included in the single audit of the Metropolitan Washington Airports Authority (MWAA) for fiscal year ended December 21, 2013. Bert Smith & Company  performed the single audit on MWAA’s Federal expenditures, while PriceWaterhouseCoopers audited MWAA’s financial statements. OIG limited the scope of its QCR to the audit work performed by Bert Smith.

During the covered period, MWAA expended approximately $95 million from DOT grant programs. Bert Smith determined that DOT’s major programs were the Airport Improvement Program and the Federal Transit Cluster.

OIG determined that Bert Smith’s audit work was Acceptable with Deficiencies, and therefore, generally met the requirements of the Single Audit Act, OMB Circular A-133, and DOT’s major programs. OIG found nothing to indicate that Bert Smith’s opinion on DOT’s major programs was inappropriate or unreliable. While the two deficiencies in the audit documentation need to be corrected in future audits, they did not alter the overall results of the audit report. In both deficiencies—one relating to Reporting and the other to Special Tests and Provisions–Revenue Diversion on the Airport Improvement Program—Bert Smith did not perform adequate compliance testing to meet the audit objectives in the compliance supplements.