Finding 509776 (2024-001)

Significant Deficiency

Requirement

Questioned Costs

Year

2024

Accepted

2024-11-22

Audit: 329495

Organization: Jasper County Rural Electric Membership Corporation (IN)

Auditor: London Witte Group LLC

AI Summary

Answer: There is a lack of proper duty segregation in accounting tasks at Jasper County REMC.
Trend: This issue has persisted throughout the year ending July 31, 2024.
List: Review and implement stronger controls to ensure duties are appropriately separated among employees.

Finding Text

More than one employee has the ability to complete multiple parts of tasks. For the year ended July 31, 2024, Jasper County REMC has failed to appropriately segregate duties in certain accounting areas consistent with control objectives.

Corrective Action Plan

Management is aware that there is a lack of segregation of duties. It would not be cost effective to hire additional employees to properly segregate duties at th is time. Management performs additional procedures to mitigate this risk. We do not have an anticipated time frame for hiring additional employees to mitigate this risk. The responsible contact person regarding this significant deficiency is Jon Rich, CEO.

Other Findings in this Audit

1086218 2024-001

Significant Deficiency

Programs in Audit

ALN	Program Name	Expenditures
21.029	Coronavirus Capital Projects Fund	$1.72M