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Rail audit finds some flaws, but all funds accounted for

By Kevin Dayton / kdayton@staradvertiser.com

POSTED: 01:30 a.m. HST, Dec 04, 2012

~~<p>The first annual audit of the books for the city's $5.27 billion rail project turned up some flaws in the rail project's accounting practices, and the board for the Hono&shy;lulu Authority for Rapid Transportation wants to know more about city plans to prevent those problems in the future.</p>
<p>The audit by the firm PKF Pacific Hawaii concluded the financial statements for HART accurately reflect the finances of the agency, and found there were no material weaknesses.</p>
~~

The first annual audit of the books for the city's $5.27 billion rail project turned up some flaws in the rail project's accounting practices, and the board for the Hono­lulu Authority for Rapid Transportation wants to know more about city plans to prevent those problems in the future.

The audit by the firm PKF Pacific Hawaii concluded the financial statements for HART accurately reflect the finances of the agency, and found there were no material weaknesses. Login for more...



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