Finding Text
Segregation of Duties, Condition: Organization does not have adequate segregation of duties over accounting function at their outlying locations. Criteria: Appropriate segregation of duites consistent with control objectives. Effect: There is a higher risk that errors or misappropriation of funds could occur and not be detected in a timely manner. Cause: Limited personnel, it is impractical to hire additional staff in order to improve. Recommendation: Management should have close supervision and review accounting information.