Page 269 - Demo
P. 269
Controls/Action taken
Action planned
Regular monitoring
Sound nancial controls
Segregation of employees’ duties Security of assets
Authorisation limits
Insurance cover
To revisit controls over internet banking
Communities to be reminded of dangers of retaining large cash balances
Systems to identify restrictions
Good nancial reporting to monitor use
To be kept under review
De ning and quantifying the reserves required, including for elderly members
Linking policy to investment policy to help ensure achievement of objectives
Reserves reviewed each year with accountants
Written acknowledgement of receipt of monies required from recipient
Report (not necessarily nancial) to be obtained explaining how funds have been applied
Visit to Africa by Provincial in 2013 to see some of the projects funded
Pension arrangements in place for some staff members
Staging date to
be con rmed and professional advice sought
Future plans in place for
Financial security
Accommodation requirements
Twenty year projection being prepared
Appendix BC 265
