2018-01 Performance Audit Report: Cash Handling at County of Hawai'i's Mass Transit Agency

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appropriate evidence to provide a reasonable basis for our findings and conclusions based on our audit objectives. We believe the evidence obtained provides a reasonable basis for our findings and conclusions based on our audit objectives. Our conclusions on the effectiveness of these controls are detailed within this report. We thank the Mass Transit's staff for their assistance and cooperation during this audit. Management generally agreed with the comments and recommendations in this report. Their complete response to this audit can be found on page 29: Management Response. Commendations & Noteworthy Events In February 2018, the County hired a new Mass Transit Administrator who has been open and receptive to our audit recommendations. We are also pleased to report that Mass Transit has taken a proactive role in strengthening certain controls we identified as weaknesses during the course of the audit. Additionally, we appreciate the cooperation exhibited by Mass Transit and their willingness to implement many of our recommendations. For instance, Mass Transit has asserted they now: • Account for daily trip sheets and cash; • Identify and report cash overages and shortages on treasury receipts; • Improved safeguarding of assets (cash is only counted when two employees are available and the room where cash is counted is secured); and • Deposit cash timely. We will follow up at the appropriate time to determine whether and to what extent all recommendations have been implemented. Mass Transit Cash Handling Audit Objective, Scope & Methodology 13