Laserfiche WebLink
Condition and Cause <br />Surprise cash counts were not performed. <br /> <br />Effect of the Condition <br />Surprise cash counts is not addressed in MTA cash handling policies and procedures which <br />increases their risk exposure. Surprise cash counts is an important part of the internal control <br />system, it encourages honesty and discourages misappropriation. <br /> <br />Recommendation 5.5 <br />"We further recommend that the Mass Transit conduct surprise cash counts at all cash handling <br />locations." <br /> <br />Agency Action <br />MTA updated their cash handling procedures to include surprise cash counts. <br /> <br />Audit Activity <br />To verify status, we reviewed results of managements surprise cash counts and found MTA was <br />conducting surprise cash counts regularly. <br /> <br />Status: Implemented <br /> <br /> <br />20 Implementing Monitoring and Oversight <br />