COM 0942.000 2020-2022 - Laserfiche WebLink

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Status of Recommendations Status Cash handling internal controls should be a priority 2.1 We recommended MTA management prioritize cash handling internal Partially controls. Management should be responsible for an effective internal Implemented control system and internal controls increase the likelihood that the organization will achieve their objectives. Safeguard assets 3.1 We recommended MTA management ensure physical security control Implemented over manual receipts, cash, and cash equivalents. 3.2 We recommended MTA ensure deposits are made timely. Implemented 3.3 We recommended MTA staff endorse checks immediately upon Implemented receipt. 3.4 We recommended MTA change lock or safe combinations periodically. Implemented 3.5 We recommended MTA implement cash receipt log for all incoming Not Applicable revenue. 3.6 We recommended MTA assess security camera locations, regular Partially monitor, and limit access to screen and recordings. Implemented 3.7 We recommended MTA staff empty fare boxes frequently to ensure Not Applicable automatic locking mechanism works. Segregate incompatible duties 4.1 We recommended MTA separate incompatible duties. Partially Implemented Implement monitoring and oversight 5.1 We recommended MTA perform ongoing monitoring of their internal Not control system as part of normal course of operations. Implemented 5.2 We recommended MTA implement ongoing monitoring procedures Partially including both comparisons and reconciliations. Implemented 5.3 We recommended MTA monitor cash bags for patterns and Not Applicable consistencies. 5.4 We recommended MTA conduct analytical procedures and financial Implemented relationship analysis. 5.5 We recommended MTA conduct surprise cash counts at all cash Implemented handling locations. 2 1 Executive Summary