Answer: There are gaps in the segregation of duties, increasing the risk of errors and fraud.
Trend: Recent audits show a consistent pattern of insufficient separation in key processes.
List: Review roles and responsibilities, implement stronger controls, and provide training on best practices.
Finding Text
Segregation of Duties
Corrective Action Plan
The Organization’s Board of Directors will continue to rely on its direct knowledge of daily operations and direct contact with employees to control and safeguard assets.