Efficiency of Selected Processes - Fort Point Station, Boston, MA
Background
This interim report presents the results of our self-initiated audit of the efficiency of selected processes at the Fort Point Station in Boston, MA. The Fort Point Station is in the Massachusetts-Rhode Island District of the Atlantic Area. We judgmentally selected the Fort Point Station for our audit.
Objective, Scope, and Methodology
Our objective was to review cash and inventory, daily reporting activities, clock ring errors, and employee separations at the Fort Point Station. The scope period was January 1 through June 30, 2022.
To accomplish our objective, we reviewed data regarding inventories, daily reporting activities, clock ring errors, and employee separations to identify at-risk transactions. We conducted physical counts of all cash, stamp, and money order inventories; reviewed stamp transfers; and evaluated selected internal controls. We also observed daily closing procedures, traced selected transactions to source documentation, and interviewed unit personnel. We determined the causes for issues identified and discussed our observations and conclusions with management on November 1, 2022, and included their comments where appropriate.