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

The New Jersey Transit Accountability Act requires the New Jersey Transit Corporation to hire an independent firm to audit its financial management and budget reporting practices since the issuance of a 2018 report. The audit must cover the impact of the COVID-19 pandemic on service demand and financial needs. The independent firm will prepare a report with findings and recommendations, which the corporation must adopt within six months unless the corporation provides a detailed explanation for not adopting a specific recommendation.

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

The New Jersey Transit Accountability Act requires the New Jersey Transit Corporation to hire an independent firm to audit its financial management and budget reporting practices since the issuance of a 2018 report. The audit must cover the impact of the COVID-19 pandemic on service demand and financial needs. The independent firm will prepare a report with findings and recommendations, which the corporation must adopt within six months unless the corporation provides a detailed explanation for not adopting a specific recommendation.