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Cross Plains committee approves April financials and highlights segregation-of-duties audit finding
Summary
The Finance Advisory Committee approved April 2025 financials and discussed an annual audit finding common to small municipalities: limited segregation of duties. The finance director outlined simple monitoring reports — new-vendor additions, billing adjustments and pay-change checks — the village can run to reduce fraud risk.
The Village of Cross Plains Finance Advisory Committee unanimously approved the April 2025 financial report and discussed an audit finding the finance director said is “common for smaller municipalities”: limited segregation of duties that can increase fraud risk.
During reports the finance director described possible compensating controls that could be implemented…
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