Audit knocks TxDOT for $1.1 billion error

From statesman, August 29, 2008...

The Texas Department of Transportation made a $1.1 billion accounting mistake last year through a mixture of "ineffective internal communication, a complex reporting structure and misunderstanding" of its data, according to a report by the state auditor's office released Thursday.

The agency kept the error out of public view for four months by failing to immediately report it to legislators, affected state and local officials and its governing commission, at least in a public forum, the audit found.

Read more...