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CY 2025 Financial Audit, Single Audit and Statewide Agreed-Upon Procedures Acceptance
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DESCRIPTION: Request Acceptance of the 2025 Financial Audit, Single Audit and Statewide Agreed-Upon Procedures conducted by Plante & Moran, PLLC. AGENDA NO: Click or tap here to enter text.
ACTION REQUEST:
? Approval ? Review Comment ? Information Only ? Other
RECOMMENDATION:
recommendation
Acceptance of the 2025 Financial Audit, Single Audit and Statewide Agreed-Upon Procedures conducted by Plante & Moran, PLLC.
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ISSUE/BACKGROUND:
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Plante & Moran, PLLC has completed the RTA’s Financial Audit, Single Audit, and Statewide Agreed-Upon Procedures (SAUP) engagement for the year ended December 31, 2025. The financial statement audit was conducted in accordance with generally accepted auditing standards in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. The Single Audit addressed compliance with applicable federal award requirements, while the SAUP engagement focused on selected control and compliance areas established by the Louisiana Legislative Auditor (LLA). Together, these engagements support The Regional Transit Authority’s (RTA) accountability for public funds, transparency in its financial activities, and efforts to strengthen internal controls and remain compliant with applicable state and federal laws, regulations, and award program requirements.
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DISCUSSION:
Acceptance of the 2025 Financial Audit, Single Audit and Statewide Agreed-Upon Procedures reports is requested from the Board of Commissioners.
Plante & Moran, PLLC completed an in-depth review of internal control systems, financial statements, and supporting documents. The firm reported two findings related to the financial reporting and compliance:
2025-001 Significant deficiency related to the Schedule of Expenditures of Federal Awards (SEFA) prepa...
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