Audit 46832

2022-001 Segregation of Duties Condition: Due to the limited number of people working in the office, many critical duties are combined and given to the available employees. Presently, a single individual has the ability to prepare and sign checks, reconcile bank accounts, perform payroll duties and maintain the general ledger. Despite performing mitigating controls such as dual check signers, department head invoice approvals, and external review by the Board of Directors, a lack of segregation of duties exists. Criteria: A proper internal control structure requires the performance of accounting functions by separate employees or volunteers. Effect: Lack of segregation of duties increases the Organization?s exposure to misappropriation of assets and fraud. Recommendation: Management and the Board of Directors should remain involved in the financial affairs of the Organization to provide additional oversight controls. Management Response: Management agrees with the recommendation. Management and the Board of Directors will continue to be involved in the financial affairs of the Organization. The Organization does not believe it would be feasible or fiscally responsible to hire enough individuals to achieve proper segregation of duties.

2022-001 Segregation of Duties Condition: Due to the limited number of people working in the office, many critical duties are combined and given to the available employees. Presently, a single individual has the ability to prepare and sign checks, reconcile bank accounts, perform payroll duties and maintain the general ledger. Despite performing mitigating controls such as dual check signers, department head invoice approvals, and external review by the Board of Directors, a lack of segregation of duties exists. Criteria: A proper internal control structure requires the performance of accounting functions by separate employees or volunteers. Effect: Lack of segregation of duties increases the Organization?s exposure to misappropriation of assets and fraud. Recommendation: Management and the Board of Directors should remain involved in the financial affairs of the Organization to provide additional oversight controls. Management Response: Management agrees with the recommendation. Management and the Board of Directors will continue to be involved in the financial affairs of the Organization. The Organization does not believe it would be feasible or fiscally responsible to hire enough individuals to achieve proper segregation of duties.

2022-001 Segregation of Duties Condition: Due to the limited number of people working in the office, many critical duties are combined and given to the available employees. Presently, a single individual has the ability to prepare and sign checks, reconcile bank accounts, perform payroll duties and maintain the general ledger. Despite performing mitigating controls such as dual check signers, department head invoice approvals, and external review by the Board of Directors, a lack of segregation of duties exists. Criteria: A proper internal control structure requires the performance of accounting functions by separate employees or volunteers. Effect: Lack of segregation of duties increases the Organization?s exposure to misappropriation of assets and fraud. Recommendation: Management and the Board of Directors should remain involved in the financial affairs of the Organization to provide additional oversight controls. Management Response: Management agrees with the recommendation. Management and the Board of Directors will continue to be involved in the financial affairs of the Organization. The Organization does not believe it would be feasible or fiscally responsible to hire enough individuals to achieve proper segregation of duties.

2022-001 Segregation of Duties Condition: Due to the limited number of people working in the office, many critical duties are combined and given to the available employees. Presently, a single individual has the ability to prepare and sign checks, reconcile bank accounts, perform payroll duties and maintain the general ledger. Despite performing mitigating controls such as dual check signers, department head invoice approvals, and external review by the Board of Directors, a lack of segregation of duties exists. Criteria: A proper internal control structure requires the performance of accounting functions by separate employees or volunteers. Effect: Lack of segregation of duties increases the Organization?s exposure to misappropriation of assets and fraud. Recommendation: Management and the Board of Directors should remain involved in the financial affairs of the Organization to provide additional oversight controls. Management Response: Management agrees with the recommendation. Management and the Board of Directors will continue to be involved in the financial affairs of the Organization. The Organization does not believe it would be feasible or fiscally responsible to hire enough individuals to achieve proper segregation of duties.