Finding Text
2021-001 Lack of Adequate Segregation of Duties Condition: The District has a limited number of personnel that are responsible for and perform substantially all of the bookkeeping and accounting functions. Criteria: We are required to report on whether the District has appropriate segregation of duties relating to all aspects of its bookkeeping and accounting procedures. Good internal control requires a complete separation of duties with respect to the handling and recording of transactions. Cause: The additional costs with hiring additional support staff to achieve complete segregation of duties would outweigh the derived benefits. Effect: Proper segregation of duties in the system of controls is not accomplished. Identification of a Repeat Finding: This is a repeat finding from previous audits, see 2020-001. Recommendation: The District should continue to evaluate the cost/benefit of hiring additional support staff to achieve complete segregation of duties. The Board of Education should remain involved with review of and oversight regarding the District?s financial statements and budgets.