On March 31, 2016 Universal Service Administrative Company (USAC) submitted their Semi-Annual Audit Report to the Federal Communications Commission (FCC). 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 that 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:
- 1,246 individual audits have been conducted
- $3.14 billion in disbursed funds have been audited
USAC has recovered $36.4 million through audit findings.