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6/25/2019 6:44:12 AM
 
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Section 5: OPA Board Subject: Fines and Legal Fees Msg# 1049959
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So again, despite taking lie detector tests and having no issues found with our work, you think the auditors missed the mark on uncovering all the money that was stolen.
Ocean Pines is vulnerable at the individual amenity level. Employees could easily charge someone at the pool, golf course or rec dept...and pocket the money or allow people to use the amenity without paying. No auditor can be at every location to monitor every transaction. It’s up to the department heads and supervisors to monitor this. |
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For reference, the above message is a reply to a message where: Your idea to hire an internal auditor has some merit. The question wants to be if it needs to be a full time position. Initially the work load might be heavy but I think within a year there would be less in depth auditing of systems. I can tell you from first hand experience their is a tendency for even leadership positions to look the other way on long standing practices that may not be best practices. Change is hard for this community to accept and it follows through to the business management of OPA. Nate Thanks for supporting the idea of adding an internal auditor to the OP staff. To repeat what I mentioned earlier: ---- "For an organization like OP which experienced funds disappearing from its petty cash, and from its bank deposits what more signals do we need that an internal auditor would be quite appropriate." "Those are the "known" losses. And they could represent the tip of an iceberg. Statistically about 90% of an iceberg is unseen, underwater." Thanks for continuing to express your views aimed at achieving improvements in this community. Despite the hand that you've been dealt. Tom |
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