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Board treasurer flags audit ‘significant deficiency’ in segregation of duties; auditor agrees to test
Summary
The board’s treasurer pressed the external auditor on a reported significant deficiency regarding segregation of duties in payroll and cash receipts, and the auditor agreed to perform additional procedures to verify the finding.
Board Treasurer Julie raised concerns about a significant deficiency reported in the district’s recent audit that described "limited segregation of duties in several areas, including the processing of cash receipts and payroll transactions," and asked the auditor to test whether the assumption was supported.
Julie said she was surprised the auditor had treated the issue as an assumption rather than verifying controls, noting the…
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