On April 1, 2014 USAC submitted their Semi-Annual Audit Recovery Report to the Federal Communications Commission. As required by the FCC’s Fifth Report and Order, USAC must submit a semi-annual report to the FCC summarizing the status of all outstanding audit findings. The report details the process USAC utilizes to recover improperly disbursed funds, and also provides a summary of audits that may lead to the recovery of previously committed funds.
Highlights from the report include the following:
- 1,172 Audits have been conducted
- Total Disbursed Amount Audited: $2.92 Billion
- Total Dollar Amount Recovered: $35.9 Million