FAC Explorer

Finding 571110 (2024-002)

Significant Deficiency Repeat Finding
Requirement
P
Questioned Costs
-
Year
2024
Accepted
2025-07-11
Audit: 361991
Organization: City of Marion (SC)
Auditor: Kenneth Cobb & Company PC

AI Summary

  • Answer: The City lacks complete segregation of duties due to limited staff.
  • Trend: This situation increases the risk of errors or fraud.
  • List: Recommend reviewing processes to implement checks and balances, even with a small team.

Finding Text

Due to a small staff size, the City does not have complete segregation of duties.

Corrective Action Plan

The City relies heavily on supervisory oversight. The City has in place many internal controls to help reduce risks of financial reporting objectives and provide safeguards for the City's assets. Some of the controls are a supervisor has to review and sign off on all bank statements and reconciliations, and any journal entries. All accounts payable invoices and reports are reviewed by at least two people.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 571109 2024-001
    Significant Deficiency Repeat
  • 571111 2024-001
    Significant Deficiency Repeat
  • 571112 2024-002
    Significant Deficiency Repeat
  • 571113 2024-001
    Significant Deficiency Repeat
  • 571114 2024-002
    Significant Deficiency Repeat
  • 571115 2024-001
    Significant Deficiency Repeat
  • 571116 2024-002
    Significant Deficiency Repeat
  • 571117 2024-001
    Significant Deficiency Repeat
  • 571118 2024-002
    Significant Deficiency Repeat
  • 1147551 2024-001
    Significant Deficiency Repeat
  • 1147552 2024-002
    Significant Deficiency Repeat
  • 1147553 2024-001
    Significant Deficiency Repeat
  • 1147554 2024-002
    Significant Deficiency Repeat
  • 1147555 2024-001
    Significant Deficiency Repeat
  • 1147556 2024-002
    Significant Deficiency Repeat
  • 1147557 2024-001
    Significant Deficiency Repeat
  • 1147558 2024-002
    Significant Deficiency Repeat
  • 1147559 2024-001
    Significant Deficiency Repeat
  • 1147560 2024-002
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
21.027 Coronavirus State and Local Fiscal Recovery Funds $382,464
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $104,044
93.959 Block Grants for Prevention and Treatment of Substance Abuse $1,500
14.228 Community Development Block Grants/state's Program and Non-Entitlement Grants in Hawaii $500