Answer: There is a significant issue with the lack of segregation of duties in key processes.
Trend: This increases the risk of fraud and errors, as one individual has too much control over critical tasks.
List: Recommend implementing checks and balances by assigning different people to handle related tasks.
Finding Text
Lack of Segregation of Duties
Corrective Action Plan
The Organization is aware of the lack of segregation of duties caused by the limited size of its staff, and will continue to use other controls, where practical to compensate for this limitation.