Finding 1163563 (2025-001)

Material Weakness Repeat Finding

Requirement

Questioned Costs

Year

2025

Accepted

2025-12-08

Audit: 373288

Organization: Jasper County Rural Electric Membership Corporation (IN)

Auditor: LWG CPAS & ADVISORS

AI Summary

Core Issue: Multiple employees can perform overlapping tasks, leading to a lack of proper duty segregation.
Impacted Requirements: This failure does not align with control objectives for accounting practices.
Recommended Follow-Up: Review and adjust task assignments to ensure clear segregation of duties in accounting areas.

Finding Text

More than one employee has the ability to complete multiple parts of tasks. For the year ended July 31, 2025, Jasper County REMC has failed to appropriately segregate duties in certain accounting areas consistent with control objectives.

Corrective Action Plan

Management of Jasper County REMC was aware of lack of segregation of duties. It would not be cost effective to hire additional employees to properly segregate duties at this time. Management agrees with the findings.

Other Findings in this Audit

1163564 2025-002

Material Weakness Repeat

Programs in Audit

ALN	Program Name	Expenditures
21.029	CORONAVIRUS CAPITAL PROJECTS FUND	$4.80M