The Organization is developing a detailed accounting policies and procedures written document with processes for ensuring segregation of employee duties and responsibilities. The document will be completed, approved by the Finance Committee, and fully instituted within 120 days of completion of the ...
The Organization is developing a detailed accounting policies and procedures written document with processes for ensuring segregation of employee duties and responsibilities. The document will be completed, approved by the Finance Committee, and fully instituted within 120 days of completion of the audit. The Organization understands and accepts the identification of a lack of written internal controls and full segregation of duties. Accounting policies and procedures will be reviewed, approved by the Finance Committee, and recorded in a written document. The Organization did not have adequate staff to segregate all accounting duties and is continually working to clearly define roles, responsibilities, and control activities. The Organization will regularly review current processes, access rights, and role assignments and train employees involved in accounting functions to adhere to segregation procedures