In an agreed-upon procedures review, the CPA (in this case, the City Auditor’s office) only performs the specifically requested procedures and reports on those results. The American Institute of CPAs developed guidance listing specific procedures that were agreed to by the Federal Transit Administration. Due to its program participation, the city’s Transit program agreed to these procedures as well.
The results for each agreed-upon procedure are listed within the detailed report. The Transit program’s documentation did not fully reconcile its NTD reported amounts to the city’s accounting system amounts as required by the federal program rules. While there were several discrepancies, overall, the total reported expenditures of $6.4 million were about $15,700 higher than recorded in the accounting system and related reconciliations.