Department of Transportation

Written Support of Internal Controls Over Financial Reporting of Capital Assets

The Department of Transportation maintains State highways, bridges and other capital assets. Financial information about these assets is reported to the Office of the State Comptroller for inclusion in New York Stateís comprehensive annual financial report. We audited the written support for the Departmentís internal controls over this information and found that, in most areas, this written support was adequate. Consequently, if the controls are followed, there is a reduced risk of significant misstatements in the financial information included in the Stateís comprehensive annual financial report. However, improvements were needed in written support for actions taken in assessing the risks related to accurate reporting about capital assets.

For a complete copy of Report 2006-S-44 click here.
For a copy of the 90-day response click here.