Finding Text
Due to a small staff size, the Company does not have complete segregation of duties. An error in financial reporting may not be detected in a timely manner or the misappropriation of assets could be concealed. We recommend that the Board and management continue to use supervisory reviews such as monitoring financial statements and budget reports, and segregate duties where cost beneficial to do so. The Company will continue to use supervisory reviews usch as monitoring financial reports and budget reports and will use other secondary reviews where possible.