On September 30, 2020, the Universal Service Administrative Company (USAC) submitted their Semi-Annual Audit Recovery 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.
 
As of August 31, 2020, USAC had conducted 2,276 audits and recovered $47.1M. There was one “beneficiary audit older than six months with a potential recovery of $11,209,646 for which a Notification Letter has not been issued.”
 
The audit report may be found here, and summary of audit activity by Funding Year here.