Issue: There is a significant internal control deficiency that could lead to errors or fraud.
Trend: This type of deficiency has been increasing, indicating a need for immediate attention.
Follow-up: Conduct a thorough review of internal controls and implement corrective actions to strengthen compliance.
Finding Text
Internal Control Deficiency.
Corrective Action Plan
The organization implemented procedures to ensure that the financials records are clsoed and available for audit in a timely basis to be able to meet the filling deadline.
Categories
Questioned CostsInternal Control / Segregation of Duties