Why is the Reconfiguration Program being audited?
The Federal Communication Commission (“FCC”) requires the TA to provide an audited Statement of Program Expenditures. Payments made to incumbent licensees and/or their vendors, as well as the costs of any replaced and/or replacement equipment provided to the incumbent licensees, are a material part of the Program’s expenditures and therefore must be subjected to the cost support review.
Related Questions
- Due to presentation changes required in GASB 34, the audited financial statements no longer have the detailed program information needed to compile the indirect cost rate proposal. What should we do?
- How is the anti-money laundering program audited or tested?
- Why is the Reconfiguration Program being audited?
