Audit results

USAC has submitted their Semi-Annual Audit Recovery Report. I found two things interesting.

First, the report describes the collections process, which is informative for anyone facing a COMAD.

Of more interest, the last page of the report has a summary of the audit results. I did a little spreadsheet of my own, with percentages in it. The most interesting statistic: of all the audits, only 3.4% of funding was found to be improperly disbursed. These are audits, most of which are triggered by suspicious activities, so 3.4% seems mighty low. And if you take the recoverables as a percentage of total funding, it drops to something like 0.5%.

Kind of puts some perspective on the comments about a "troubled" program "riddled with waste, fraud and abuse."