Finding 41547 (2022-002)

Significant Deficiency Repeat Finding
Requirement
P
Questioned Costs
-
Year
2022
Accepted
2023-09-28

AI Summary

  • Core Issue: The District has weaknesses in segregation of duties related to cash handling due to limited staff.
  • Impacted Requirements: Inadequate segregation increases the risk of asset misappropriation.
  • Recommended Follow-Up: Implement review processes by the CEO or CFO to strengthen controls.

Finding Text

Criteria or Specific Requirement ? Segregation of duties is an essential element of the internal control structure. Condition ? The District has internal control weaknesses with respect to segregation of duties over cash receipts and disbursements. Context ? As a small rural hospital, the District has limited personnel resulting in limitations on their ability to segregate duties. Cause ? Due to limited personnel, the District has been unable to achieve adequate segregation of duties. Effect or Potential Effect ? The lack of adequate segregation of duties causes the District to be more susceptible to misappropriation of assets. Questioned Costs ? There are no questioned costs. Recommendation ? We recommend that the District implement procedures to mitigate its segregation of duty weaknesses as much as possible including review processes by the Chief Executive Officer and/or Chief Financial Officer. Views of Responsible Officials and Planned Corrective Actions ? Management agrees with the finding and will consider controls such as review processes that will mitigate its segregation of duty weaknesses.

Corrective Action Plan

Condition ? The District has internal control weaknesses with respect to segregation of duties over cash receipts and disbursements. Recommendation ? We recommend that the District implement procedures to mitigate its segregation of duty weaknesses as much as possible including review processes by the Chief Executive Officer and/or Chief Financial Officer. Views of Responsible Officials and Planned Corrective Actions ? Management agrees with the finding and will consider controls such as review processes that will mitigate its segregation of duty weaknesses. Anticipated Date of Completion ? In progress. Action Taken ? We have reviewed the recommendations and will be discussing potential control improvements in the near future. Person Responsible for Corrective Action Plan ? Colette Martin, Chief Financial Officer.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 41546 2022-001
    Material Weakness
  • 41548 2022-003
    - Repeat
  • 617988 2022-001
    Material Weakness
  • 617989 2022-002
    Significant Deficiency Repeat
  • 617990 2022-003
    - Repeat

Programs in Audit

ALN Program Name Expenditures
93.498 Provider Relief Fund $1.08M