What are the most common issues addressed in the management letter following a club audit? How should management respond?

Club operations have garnered increased attention from club boards during the recent economic downtown.  Pressure to cut costs inevitably results in internal controls suffering – specifically segregation of duties.  Crucial to an efficiently run operation is a properly functioning internal control.  Internal controls in a club are subject to an ever-changing environment.  It is paramount that club leaders understand their clubs’ internal controls and how they function.CD-SUM15_Cover

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