Core Issue: There is a lack of proper control over cash handling and payroll processes due to insufficient segregation of duties.
Impacted Requirements: This situation increases the risk of errors and fraud in cash receipts, disbursements, and payroll processing.
Recommended Follow-Up: Consider hiring additional staff or implementing cross-training to improve duty segregation and enhance controls.
Finding Text
There is inadequate control over the functions of cash receipts, cash disbursements,, and processing and recording payroll at the Village due to the inadequate segregation of duties stemming from limited personnel.