Finding Text
2022-002 Segregation of Duties. Condition:The size of the office staff precludes a proper segregation of functions to assure adequate internal control. Criteria:Lack of segregation of duties. Cause: The limited number of office staff results in incompatible functions being performed by the same individuals. Effect:There may be inappropriate transactions recorded and assets may not be adequately safeguarded.Recommendations: This is not unusual for a Village your size, but the Common Council Members and management should continue to be aware of this condition and to realize that the concentration of duties and responsibilities of a limited number of individuals is not desirable for an effective system of internal control. Under these conditions, the most effective controls lie in the Common Council Member’s and management’s knowledge of matters relating to the Village’s operations. Management Views and Corrective Action Plan: See corrective action plan 2022-002.