Finding 1093139 (2024-002)

Significant Deficiency
Requirement
AB
Questioned Costs
-
Year
2024
Accepted
2024-12-23
Audit: 334684
Organization: Crook County School District 1 (WY)

AI Summary

  • Core Issue: The School District's small accounting department limits effective separation of duties, increasing the risk of undetected errors or irregularities.
  • Impacted Requirements: This situation affects the organization's ability to protect assets, ensure compliance, and maintain reliable data.
  • Recommended Follow-Up: The Board should acknowledge the risk of undetected issues and consider implementing additional oversight measures to mitigate this risk.

Finding Text

Separation of Duties Criteria: An effective internal control structure of an organization will include procedures and actions to: 1. Protect its assets against theft and waste. 2. Ensure compliance with the organization's policies, procedures and statutory requirements. 3. Evaluate the performance of personnel to promote efficient operations. 4. Ensure accurate and reliable operating and accounting data. Separation of duties requires that someone other than the employee responsible for safeguarding 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. Condition: Due to the small size of the accounting department of the School District, the possibility of adequate separation of duties over certain transaction cycles is limited. Recommendation: While we recognize that it is impractical for the School District to achieve complete separation of duties over all transaction cycles within the School District, it is important that the Board be aware of the chance that errors and irregularities may not be timely detected.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 516693 2024-002
    Significant Deficiency
  • 516694 2024-002
    Significant Deficiency
  • 516695 2024-002
    Significant Deficiency
  • 516696 2024-002
    Significant Deficiency
  • 516697 2024-002
    Significant Deficiency
  • 1093135 2024-002
    Significant Deficiency
  • 1093136 2024-002
    Significant Deficiency
  • 1093137 2024-002
    Significant Deficiency
  • 1093138 2024-002
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.010 Title I Grants to Local Educational Agencies $335,821
84.027 Special Education Grants to States $240,319
84.367 Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants) $115,540
84.287 Twenty-First Century Community Learning Centers $84,730
84.425 Education Stabilization Fund $83,063
84.424 Student Support and Academic Enrichment Program $61,429
10.582 Fresh Fruit and Vegetable Program $53,515
10.553 School Breakfast Program $42,079
10.555 National School Lunch Program $34,535
84.048 Career and Technical Education -- Basic Grants to States $3,845
84.173 Special Education Preschool Grants $2,295