Posted: Aug 12, 2013 10:33 PM by Trey Schmaltz, Ryan Naquin
BATON ROUGE- Auditors promise a new check of the books at the headquarters of the Capital Area Transit System will show irregularities in the accounting department, even though the latest audit from the state found no issue.
CATS was awarded an "A" by the Legislative Auditor's office. The audit was performed by a third-party accounting firm.
Monday, the WBRZ News 2 Investigative Unit asked why the system received such a high award since it is in the middle of finding $100,000 in missing money and also dealing with possible theft of transit funds by a former board member.
The auditor's office said it was unsure why the money issues were not taken into account by outside accountants. But, the accounting firm LaPorte said the type of audit performed would never have caught those issues.
A new audit is being performed since the problems were reported in July.
CATS blames a software glitch for the $100,000 debacle, which may not even be missing in the first place; the money may never have existed.
Wednesday, the city's metro council will discuss making changes to how people are appointed the CATS board.
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