Answer: A federal expenditure was approved with only one signature instead of the required two.
Trend: This may indicate a pattern of insufficient oversight in expenditure approvals.
List: Review signature requirements, enhance training for staff on approval processes, and implement checks to prevent future occurrences.
Finding Text
ONE FEDERAL EXPENDITURE WAS ISSUED WITH ONLY ONE SIGNATURE.
Corrective Action Plan
THIS WAS A CASHIER'S CHECK FROM THE BANK. WHEN PICKING UP THE CASHIER'S CHECK, THE TREASURER ALONG WITH ANOTHER AUTHORIZED SIGNER WILL GO TO THE BANK TO SIGN.