The Federal Transit Administration (FTA) plays a significant role in promoting the safety of our Nation’s public transit system through its oversight of State Safety Oversight programs. States with rail fixed guideway public transportation systems must establish State Safety Oversight Agencies (SSOA) to receive Federal funding, and FTA is responsible for overseeing SSOAs’ compliance with Federal requirements. In response to a directive in House of Representatives Report 117-99, we are initiating this audit.
Provide guidance to OAs on how to identify and assess fraud risks in their programs, including guidance on specific tools, methods, and sources for gathering information about fraud risks. This guidance should also address the leading practices for identifying and assessing the likelihood and impact of inherent fraud risks, determining fraud risk tolerance, examining the suitability of existing controls, prioritizing residual fraud risks, and documenting the program’s fraud risk profile to inform managers’ decisions on their responses to assessed risks.
Import Log for file Rec Maint Rpt (330a)_2023.06.23 (P)_Previously Missing Recs.csv
Require OAs to regularly assess fraud risks for each program; tailor their assessments based on factors such as size, resources, maturity, and experience in managing risks; and include relevant stakeholder input.