Jeffrey S. Rosen Samuel D. Snead, MCP, MA John F. von Paris Frank S. Waesche III
MEMORANDUM
TO:
MDTA Finance & Administration Committee Director of Finance Chantelle Green
FROM:
SUBJECT:
Independent Auditor’s Report for the FY 2026 Financial Statements Audit & SOC 1 Type 2 & SOC 2 Type 2 Reports
DATE:
October 8, 2026
PURPOSE OF MEMORANDUM To present the results of the FY 2026 financial statements and Service Organization Control (SOC) audits conducted for the Maryland E-ZPass® System. The audits were conducted by the Maryland Transportation Authority’s independent auditors, SB & Company, LLC (SB& Co.). SUMMARY Regarding the MDTA’s financial statements, the attached presentation includes an overview of the key areas of emphasis, internal controls, required auditor communications, and future considerations. An unmodified opinion was issued by the independent auditor. Regarding the SOC audits, one exception ( i.e. , finding) was issued for Kapsch related to employee VPN access. Irrespective of the finding, unmodified opinions were issued for the SOC 1 Type 2 and SOC 2 Type 2 audits. ATTACHMENT • PowerPoint Presentation – MDTA FY 2026 Financial Statements & SOC Audit Results
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