Our objective for this report was to complete our review of the company’s use of Coronavirus Aid, Relief, and Economic Security (CARES) Act funds and its controls to accurately track and report on them. We found that the company is effectively using, accounting for, and reporting on the $1.018 billion it received through the CARES Act, and that it has addressed the initial risks we identified in our interim report published in August 2020. If Congress approves additional assistance, we identified two opportunities for the company to adjust its controls for approving paid leave for coronavirus-related absences and applying the CARES Act formula for calculating state bills for services provided under section 209 of the Passenger Rail Investment and Improvement Act of 2008. These adjustments would make the controls more consistently effective.
Tuesday, December 15, 2020
Agency Reviewed / Investigated:
Submitting OIG-Specific Report Number:
Type of Report:
Funds for Better Use:
Number of Recommendations:
|OIG-A-2021-005 CARES Act.pdf||477.73 KB|