New York Laws
Title 11 - Metropolitan Commuter Transportation Authority
1279-F - Independent Forensic Audit.

(a) Such certified independent public accounting firm shall be
prohibited from providing audit services to the authority if the audit
partner having primary responsibility for the audit or the audit partner
responsible for reviewing the audit has performed audit services for the
authority in any of the five previous fiscal years of the authority.
(b) Such certified independent public accounting firm shall be
prohibited from performing any non-audit services to the authority
contemporaneously with the audit, including: (1) bookkeeping or other
services related to the accounting records or financial statements of
such authority; (2) financial information systems design and
implementation; (3) appraisal or valuation services, fairness opinions,
or contribution-in-kind reports; (4) actuarial services; (5) internal
audit outsourcing services; (6) management functions or human services;

(7) broker or dealer, investment advisor, or investment banking
services; and (8) legal services and expert services unrelated to the
audit.
(c) Such certified independent public accounting firm shall be
prohibited from providing audit services to the authority if an employee
assigned to the audit has performed audit services for the authority or
has been employed by the authority in any of the three previous fiscal
years of the authority.
4. Within one year of the effective date of this subdivision, the
authority shall publish a report detailing the steps it has taken to
implement the recommendations of the audit and the reviews, and provide
estimates of the recurring and non-recurring cost savings and
efficiencies that have been realized or are anticipated from
implementing such recommendations. The authority shall also review its
two thousand twenty to two thousand twenty-four capital plan for cost
overages and duplication and include its findings in the report. The
authority shall publish an additional updated report no later than July
first, two thousand twenty-five.
5. To the extent practicable, the findings and recommendations made
pursuant to this section and to section twelve hundred seventy-nine-g of
this title shall be incorporated into any twenty-year capital needs
assessment submitted prior to January first, two thousand twenty-five to
the metropolitan transportation authority capital program review board
pursuant to subdivision c of section twelve hundred sixty-nine-c of this
title.

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