New York City Convention Center Operating Corporation
Selected Operating Practices (Follow-Up Review)
In our prior audit reports 90-S-98, 92-S-7 and 93-S-11, we found that improvements were needed in the Corporation's internal controls over revenue, accounts receivable and payroll processing. For example, more than $1.3 million in potential revenue was lost because of weaknesses in procedures for setting fees and collecting payments, and $289,000 in fraudulent paychecks were issued and cashed. Our follow-up review found that action had been taken by Corporation management to implement most of the recommendations contained in the three prior reports. However, additional action was needed if the recommendations were to be fully implemented.