Finding Text
Criteria: Authorization or approval of transactions, recording of transactions, and custody of assets should normally be segregated from each other. Condition and Context: There is a lack of segregation of accounting functions among various County offices and personnel. This is a continuing item from the prior year. Questioned Costs: None. Cause: The County does not employ sufficient office personnel to properly segregate accounting functions. Potential Effect: This lack of segregation of duties results in an inadequate overall internal control structure design. Recommendation: The County should be aware of the inherent risks associated with improper segregation of accounting functions. The County should also develop mitigating controls to reduce the risk of errors or fraud associated with improper segregation of accounting functions. Views of Responsible Officials and Planned Corrective Action: The County has assessed the benefits and costs associated with proper segregation of duties for all County departments and offices and has determined that cost would outweigh any benefits received. The County understands the inherent risks associated with improper segregation of accounting functions. The County requires monthly reporting to the Board of Commissioners for various department officials to ensure transctions are recorded, and potential errors and irregulaities are identified on a timely basis.