Answer: The Institute lacks sufficient staff to properly separate duties for key financial processes.
Trend: This issue can lead to increased risk of errors or fraud in financial management.
List: Consider implementing additional oversight measures or cross-training staff to mitigate risks.
Finding Text
Segregation of Duties - The Institute is not large enough to permit an adequate segregation of employee duties for effective internal control over general ledger, cash receipts, cash disbursements, and bank reconciliations.