On April 3, 2017, the 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.
As of February 28, 2017 the FCC has recovered $38.8 million and conducted 1,574 audits. The full Semi-Annual Audit Report can be viewed here.