Finding Text
"Material Weakness Finding 2022-001 There is not sufficient segregation of duties within the District?s accounting department. Observation We found that all facets of accounting are currently centralized with one person which includes invoicing, cash receipts functions, posting of deposits, preparation of deposits, and all payable functions. Recommendation We recommend, to obtain basic segregation of duties, that the District update its current accounting functions to minimize the amount of accounting duties performed by one employee. "