Finding Text
An adequate segregation of duties was not present related to the accounting and financial duties. As a result, many of those aspects of internal control procedures which rely upon an adequate segregation of duties are, for all practical purposes, missing. An adequate segregation of duties is a key component of accounting internal control. The operating budget for an organization the size of the Authority does not allow for the hiring of additional accounting personnel to further segregate incompatible accounting duties. Employees of the Authority perform incompatible functions with regards to accounting duties in relation to internal control. Unless and until the Authority can hire additional accounting staff to adequately segregate the accounting duties, this deficiency will be reported as a finding. The Authority has determined that the operating budget cannot handle the additional expense of hiring additional accounting personnel.