On March 31, 2015, USAC submitted their Semi-Annual Audit 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 E-rate audit findings. The report details the process which 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:
- 1,190 individual audits have been conducted
- $3.09 billion in disbursed funds have been audited
- USAC has recovered $35.7 million through audit findings