On September 29, 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. It also provides a summary of audits that may lead to the recovery of previously committed funds.
The FCC has recovered $40.1 million which is an increase of $2 million from the February 2017 audit report and conducted 1601 audits which is an increase of 27 audits from the February 2017 audit report.  
The full Semi-Annual Audit Report can be viewed here.