6 / 13
Opportunities For Improvement and
Management Responses
The audit disclosed certain policies, procedures, and/or practices that coult be improved. The
audit was neither designed nor intended to be a detailed study of every relevant system,
procedure, or transaction. As a result of the audit, observations and recommendations
identified below are related to
Standards
:
•
(Standard 2110) Communicating risk and control information to appropriate areas of
the organization, and
•
(Standard 2130.A1) The effectiveness of controls related to operationgs and programs,
and compliance with policies and procedures.
The
Opportunities for Improvement
presented in this report may not be all-inclusive of areas
where improvement may be needed. There were five (5)
Opportunites for Improvement
identified as a result of the audit:
1.
Segregation of duties requirement.
2.
Revenue not placed in sealed deposit bags on a daily basis.
3.
Year-end audits by management not completed.
4.
Requirements for cash management training not met.
5.
Certificate and Receipt of Imprest Funds.
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U n a n n o u n c e d A u d i t o f P e t t y C a s h a n d C h a n g e F u n d s
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