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