Our Objective(s)To determine whether (1) Moss Adams LLP's work complied with the Single Audit Act of 1984, as amended, the Office of Management and Budget's Uniform Guidance and the extent to which we could rely on the auditor's work on the U.S. Department of Transportation's (DOT) major program, and (2) the Port of Portland's reporting package complied with the reporting requirements of the Uniform Guidance.
Why This AuditDuring the fiscal year that ended on June 30, 2022, the Port of Portland (Port) expended approximately $28.6 million from a DOT program. Moss Adams determined that DOT's major program was FAA's Airport Improvement Program. We performed a quality control review on the single audit conducted by Moss Adams to ensure compliance with all Federal laws and regulations.
What We FoundReview of Audit Work
Moss Adams complied with the requirements of the Single Audit Act, the Office of Management and Budget's Uniform Guidance, and DOT's major program.
We found nothing to indicate that Moss Adams' opinion on DOT's major program was inappropriate or unreliable.
We identified a deficiency in Moss Adams' audit work that requires a correction in future audits.
Review of Reporting Package
We did not identify any deficiencies that required correction and resubmission of the Port's reporting package.
Rating We assigned Moss Adams an overall rating of Pass with Deficiencies.
