Washington Metropolitan Area Transit Authority: Steps Taken to Address Financial Management and Safety Recommendations, but Financial Management Internal Controls Need Strengthening [open pdf - 2MB]
From the Document: "WMATA's [Washington Metropolitan Area Transit Authority] public rail transit and bus systems are vital to meeting the transportation needs of the national capital region. Over the last decade, WMATA has also faced financial challenges maintaining the system's infrastructure, and several fatal accidents have occurred on WMATA's rail transit system. In June 2014, FTA [Federal Transit Administration] provided WMATA with the results of its review of WMATA's compliance with federal financial management system requirements. Furthermore, in recent years NTSB has made a number of recommendations to WMATA aimed at improving the safety of its rail transit system. The House committee report accompanying the Departments of Transportation, Housing and Urban Development, and Related Agencies Appropriations Bill for fiscal year 2015 included a provision for GAO [Government Accountability Office] to review WMATA's progress responding to FTA's and NTSB's [National Transportation Safety Board] recommendations. This report discusses (1) WMATA's progress responding to FTA's June 2014 financial management recommendations, (2) WMATA's progress responding to NTSB's recent safety recommendations, and (3) to what extent WMATA's financial management controls incorporate the risk assessment and monitoring components of internal control. GAO reviewed the recommendations FTA and NTSB made to WMATA and related documentation, such as WMATA's status reports and correspondence with FTA and NTSB regarding these recommendations. GAO evaluated the nature of the internal control deficiencies FTA identified using the internal control framework published by COSO [Committee of Sponsoring Organizations of the Treadway Commission]. GAO also interviewed WMATA, FTA, and NTSB officials."
Government Accountability Office: http://www.gao.gov/