AUDIT SUMMARY

 

Our audit of the Virginia Department of Transportation (Transportation) for the year ended June 30, 2024, found:

 

• • proper recording and reporting of all transactions, in all material respects, in the Commonwealth’s accounting and reporting system, Transportation’s internal accounting and reporting system, and supplemental information and attachments submitted to the Department of Accounts (Accounts);

 

• • matters involving internal control and its operation necessary to bring to management’s attention that also represent instances of noncompliance with applicable laws and regulations or other matters that are required to be reported; and

 

• • adequate corrective action with respect to three prior audit findings and recommendations identified as complete in the Findings Summary included in the Appendix.

 

In the section titled “Internal Control and Compliance Findings and Recommendations,” we have included our assessment of the conditions and causes resulting in the internal control and compliance findings identified through our audit as well as recommendations for addressing those findings.  Our assessment does not remove management’s responsibility to perform a thorough assessment of the conditions and causes of the findings and develop and appropriately implement adequate corrective actions to resolve the findings as required by Accounts in Topic 10205 – Agency Response to APA Audit of the Commonwealth Accounting Policies and Procedures Manual.  Those corrective actions may include additional items beyond our recommendations.

 

In fiscal year 2023, we included the results of our audit of Transportation in the report titled “Agencies of the Secretary of Transportation for the Year Ended June 30, 2023.”