New Jersey Transit Accountability Act requires an independent audit of the New Jersey Transit Corporation's financial management and budget reporting.

The New Jersey Transit Accountability Act mandates the New Jersey Transit Corporation to hire an independent firm to audit its financial management and budget reporting practices since the issuance of the 2018 assessment. The audit report must include findings on financial management, the impact of COVID-19 on service demand, an evaluation of funding sources, and recommendations for policies and best practices. The corporation must adopt the recommended policies and practices within six months, unless it provides a detailed explanation for not doing so.

New Jersey Transit Accountability Act requires an independent audit of the New Jersey Transit Corporation's financial management and budget reporting.

The New Jersey Transit Accountability Act mandates the New Jersey Transit Corporation to hire an independent firm to audit its financial management and budget reporting practices since the issuance of the 2018 assessment. The audit report must include findings on financial management, the impact of COVID-19 on service demand, an evaluation of funding sources, and recommendations for policies and best practices. The corporation must adopt the recommended policies and practices within six months, unless it provides a detailed explanation for not doing so.