Finding Text
Finding 2022-01 Segregation of duties Condition - Due to the limited number of personnel, a segregation of certain accounting functions was not possible. Criteria - Proper segregation of duties should ensure segregation of the recording, authorizing, and custody functions. Effect - Improper segregation might not have allowed management, in performing their assigned functions, to provent, or detect and correct misstatements on a timely basis. Cause - The District has limited resources and personnel within the business office. Recommendation - We recommend that the Board and management continue to monitor the internal control procedures in use to assume that compensating controls are utilized to provide assurance that assets are safeguarded and transactions are proper and recorded in a timely manner. These actions will mitigate, but not eliminate the risk of misstatements or misappropriations. Contact - Superintendent Timeframe - Continuing