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Summary

This report presents the results of our Quality Control Review of L.P. Martin & Company, P.C.’s (Martin) single audit of the Greater Richmond Transit Company (GRTC) of Richmond, VA for GRTC’s fiscal year ended June 30, 2014. During this period, GRTC expended approximately $27 million from a DOT grant program. Martin determined that DOT’s major program was the Federal Transit Formula Grants program.

Firms can receive a rating of pass, pass with deficiency(ies), or fail, and based on our QCR, the overall rating assigned to Martin’s work is a Pass. Therefore, Martin met the requirements of the Single Audit Act, OMB Circular A-133, and DOT’s major program. We found nothing to indicate that Martin’s opinion on DOT’s major program was inappropriate or unreliable. During our desk review, however, we found that in the Schedule of Findings and Questioned Costs (SFQC) and the Data Collection Form (DCF), Martin did not compute the Type A and Type B threshold correctly. Martin has corrected the SFQC and DCF and resubmitted both to the Federal Audit Clearinghouse.