Audit Readiness and Completion (ARC) Report (May 2026)

Audit Readiness and Completion (ARC) Report (May 2026)

The Audit Readiness and Completion (ARC) Report provides a regional overview of efforts to improve the timeliness, quality, and coordination of Single Audits across the U.S.-affiliated Pacific and Virgin Islands. Developed under the U.S. Department of the Interior&rsquo;s Office of Insular Affairs (DOI-OIA) with support from Graduate School USA, the report tracks audit progress for each insular government and highlights regional trends, challenges, and emerging practices.<br /> <br /> The report is updated regularly to reflect the latest information from finance offices, audit offices, and external auditors. It now includes three components: a regional summary covering audit timeliness, quality, and cross-cutting issues; detailed finance and audit profiles for each government; and a new section presenting a component unit dashboard that tracks status, materiality, opinions, and expected issuance timelines for key entities across the region.<br /> <br /> This May 2026 update incorporates the most recent inputs from the Public Auditors, finance officials, and audit firms, providing an expanded view of progress and remaining risks as jurisdictions work toward restoring timely and reliable Single Audits.

Link to This Page:

https://pitiviti.org/storage/dm/2026/05/11-regional-snapshot-may-6-20260512164326284.pdf