Answer: The organization has insufficient segregation of duties.
Trend: This is a common issue in small organizations, increasing the risk of errors or fraud.
List: Consider implementing cross-training or assigning oversight roles to mitigate risks.
Finding Text
Due to the small size of the organization, there is a lack of segregation of duties.
Corrective Action Plan
We will continue to have the Board of Directors review the financial activity of the entity. Due to the small size of the organization, it is not economically feasible to achieve a complete segregation of duties.