For the 2nd year in a row, the RMI Ports Authority (RMIPA) had a “no findings” audit of its financial statements. The audit examined the RMIPA’s compliance with RMI laws, contracts, U.S. federal grant requirements and administrative procedures. According to the audit, the RMIPA “complied, in all material respects, with the types of compliance requirements” described in the U.S. Office of Management and Budget (OMB) Circular A-133.
“Because of the significant level of U.S. federal grants that the RMIPA administers, the RMIPA is subject to a more rigorous audit than other State Owned Enterprises in the RMI,” said RMIPA Director, Jack Chong-Gum. “The requirements of OMB Circular A-133 are stringent, and the fact that there were no audit findings or questioned costs with respect to our management of federal funds speak volumes to the hard work and dedication of the professional men and women at RMIPA,” he said. Special recognition was given to the staff of RMIPA’s Finance Department.
Electronic copies of the RMIPA audit report for FY 2013 should become available to download soon from the RMI Auditor General’s website.