BAS Presentations - March 2023

System of Internal Controls

• Dual controls • Segregation of duties • Proper authorization for transactions • Effective compliance program • Effective policies and procedures • Rotation/vacation of personnel

Preventative Measures

• Cash and Due From Account reconciliations • General ledger certifications

• Internal audits • External audits

Detective Measures

13

Audit Program

Internal Audit Full ‐ time, continuous

External Audit Well ‐ planned, independent

14

7