2022-01 Lack of Segregation of duties Criteria: An effective internal control structure of an organization will include procedures and action to protect its assets, against theft and waste, ensure compliance with the organization?s policies, procedures and statutory requirements, evaluate the performance of personnel to promote effective operations, and to ensure accurate and reliable operating and accounting data. Condition: Due to the small size of some departments of the Town of Evansville, Wyoming, the possibility of adequate separation of duties over certain transactions cycles is limited. Effect: Separation of duties requires that someone other than the employee responsible for safe-guarding the asset must maintain the accounting records for that asset. When an organization separates duties of the employees, it minimizes the probability of an error or irregularity occurring and not being timely detected. Recommendation: While I recognize that it is impractical for the Town to achieve complete separation of duties over all transaction cycles within the Town, it is important that the Council be aware of the chance of errors and irregularities not being timely detected is elevated.
2022-01 Lack of Segregation of duties Criteria: An effective internal control structure of an organization will include procedures and action to protect its assets, against theft and waste, ensure compliance with the organization?s policies, procedures and statutory requirements, evaluate the performance of personnel to promote effective operations, and to ensure accurate and reliable operating and accounting data. Condition: Due to the small size of some departments of the Town of Evansville, Wyoming, the possibility of adequate separation of duties over certain transactions cycles is limited. Effect: Separation of duties requires that someone other than the employee responsible for safe-guarding the asset must maintain the accounting records for that asset. When an organization separates duties of the employees, it minimizes the probability of an error or irregularity occurring and not being timely detected. Recommendation: While I recognize that it is impractical for the Town to achieve complete separation of duties over all transaction cycles within the Town, it is important that the Council be aware of the chance of errors and irregularities not being timely detected is elevated.
2022-01 Lack of Segregation of duties Criteria: An effective internal control structure of an organization will include procedures and action to protect its assets, against theft and waste, ensure compliance with the organization?s policies, procedures and statutory requirements, evaluate the performance of personnel to promote effective operations, and to ensure accurate and reliable operating and accounting data. Condition: Due to the small size of some departments of the Town of Evansville, Wyoming, the possibility of adequate separation of duties over certain transactions cycles is limited. Effect: Separation of duties requires that someone other than the employee responsible for safe-guarding the asset must maintain the accounting records for that asset. When an organization separates duties of the employees, it minimizes the probability of an error or irregularity occurring and not being timely detected. Recommendation: While I recognize that it is impractical for the Town to achieve complete separation of duties over all transaction cycles within the Town, it is important that the Council be aware of the chance of errors and irregularities not being timely detected is elevated.
2022-01 Lack of Segregation of duties Criteria: An effective internal control structure of an organization will include procedures and action to protect its assets, against theft and waste, ensure compliance with the organization?s policies, procedures and statutory requirements, evaluate the performance of personnel to promote effective operations, and to ensure accurate and reliable operating and accounting data. Condition: Due to the small size of some departments of the Town of Evansville, Wyoming, the possibility of adequate separation of duties over certain transactions cycles is limited. Effect: Separation of duties requires that someone other than the employee responsible for safe-guarding the asset must maintain the accounting records for that asset. When an organization separates duties of the employees, it minimizes the probability of an error or irregularity occurring and not being timely detected. Recommendation: While I recognize that it is impractical for the Town to achieve complete separation of duties over all transaction cycles within the Town, it is important that the Council be aware of the chance of errors and irregularities not being timely detected is elevated.
2022-01 Lack of Segregation of duties Criteria: An effective internal control structure of an organization will include procedures and action to protect its assets, against theft and waste, ensure compliance with the organization?s policies, procedures and statutory requirements, evaluate the performance of personnel to promote effective operations, and to ensure accurate and reliable operating and accounting data. Condition: Due to the small size of some departments of the Town of Evansville, Wyoming, the possibility of adequate separation of duties over certain transactions cycles is limited. Effect: Separation of duties requires that someone other than the employee responsible for safe-guarding the asset must maintain the accounting records for that asset. When an organization separates duties of the employees, it minimizes the probability of an error or irregularity occurring and not being timely detected. Recommendation: While I recognize that it is impractical for the Town to achieve complete separation of duties over all transaction cycles within the Town, it is important that the Council be aware of the chance of errors and irregularities not being timely detected is elevated.
2022-01 Lack of Segregation of duties Criteria: An effective internal control structure of an organization will include procedures and action to protect its assets, against theft and waste, ensure compliance with the organization?s policies, procedures and statutory requirements, evaluate the performance of personnel to promote effective operations, and to ensure accurate and reliable operating and accounting data. Condition: Due to the small size of some departments of the Town of Evansville, Wyoming, the possibility of adequate separation of duties over certain transactions cycles is limited. Effect: Separation of duties requires that someone other than the employee responsible for safe-guarding the asset must maintain the accounting records for that asset. When an organization separates duties of the employees, it minimizes the probability of an error or irregularity occurring and not being timely detected. Recommendation: While I recognize that it is impractical for the Town to achieve complete separation of duties over all transaction cycles within the Town, it is important that the Council be aware of the chance of errors and irregularities not being timely detected is elevated.
2022-01 Lack of Segregation of duties Criteria: An effective internal control structure of an organization will include procedures and action to protect its assets, against theft and waste, ensure compliance with the organization?s policies, procedures and statutory requirements, evaluate the performance of personnel to promote effective operations, and to ensure accurate and reliable operating and accounting data. Condition: Due to the small size of some departments of the Town of Evansville, Wyoming, the possibility of adequate separation of duties over certain transactions cycles is limited. Effect: Separation of duties requires that someone other than the employee responsible for safe-guarding the asset must maintain the accounting records for that asset. When an organization separates duties of the employees, it minimizes the probability of an error or irregularity occurring and not being timely detected. Recommendation: While I recognize that it is impractical for the Town to achieve complete separation of duties over all transaction cycles within the Town, it is important that the Council be aware of the chance of errors and irregularities not being timely detected is elevated.
2022-01 Lack of Segregation of duties Criteria: An effective internal control structure of an organization will include procedures and action to protect its assets, against theft and waste, ensure compliance with the organization?s policies, procedures and statutory requirements, evaluate the performance of personnel to promote effective operations, and to ensure accurate and reliable operating and accounting data. Condition: Due to the small size of some departments of the Town of Evansville, Wyoming, the possibility of adequate separation of duties over certain transactions cycles is limited. Effect: Separation of duties requires that someone other than the employee responsible for safe-guarding the asset must maintain the accounting records for that asset. When an organization separates duties of the employees, it minimizes the probability of an error or irregularity occurring and not being timely detected. Recommendation: While I recognize that it is impractical for the Town to achieve complete separation of duties over all transaction cycles within the Town, it is important that the Council be aware of the chance of errors and irregularities not being timely detected is elevated.