Inventory & Distribution Controls over Automated Transit farecards

[Joseph Cozzolino]

Hi All,   I'm a senior internal auditor with NYS's Metropolitan Transportation Authority.  I'm about to undertake an engagement to look at the adequacy of internal controls governing the inventorying and distribution of automated fare cards and was wondering if anyone out there has done anything similar.  I'm looking for some audit step ideas and would also be interested in any major findings.  I know each system is unique, but am looking for "stuff" that my relate to commonalities.  Trying not to completely re-create the wheel.  This is a brand new fare process just introduced at the Long Island and Metro North railroads which nobody has as yet looked into.  Any insights???   Thanks, Joseph P. Cozzolino, CPA MTA Audit Services NY, NY