Finding Text
Proper separation of duties is not maintained over certain areas within the Museum. At times, a close relative of the Executive Director verifies cash received and prepares the deposit slip. The Executive Director then posts receipts to the general ledger and receives and reconciles the monthly bank statements. A close relative of the Executive Director also receives and verifies gift shop inventory that is ordered by the Executive Director. This does not mitigate the separation of duties issue. The small size of the Museum’s staff limits the extent of separation of duties. However, the Museum has taken certain steps, including increased board involvement and review, to separate incompatible duties