47 U.S.C. § 1429 — Audit and report

(a) Audit. (1) The Secretary of Commerce must contract with an independent auditor for an annual audit of the First Responder Network Authority^* using accounting principles and procedures applicable to commercial corporate transactions. Each audit must be available to the appropriate congressional committees. (2) The audit must occur where the Authority normally keeps its accounts. (3)(A) The auditor’s representatives must have access to all Authority books, accounts, records, reports, files, papers, things, and property concerning its financial transactions that are needed for the audit, and must receive facilities to verify transactions against balances or securities held by depositories, fiscal agents, and custodians. (B) Those materials must remain in the Authority’s possession and custody. (b) Report. (1) The independent auditor must submit each audit report to (A) the appropriate congressional committees, (B) the President, and (C) the Authority. (2) The report must contain (A) comments and information needed to inform Congress about the Authority’s financial operations and condition, (B) the auditor’s recommendations about them, and (C) a description of any Authority program, expenditure, financial transaction, or undertaking observed during the audit that the auditor believes was carried out or made without legal authority.