What we do for you...
Implement segregation of duties so that duties are divided, or
segregated, among different people to reduce risk of error or
inappropriate actions. No one person has control over all aspects of any
financial transaction.
Make sure transactions are authorized by a person delegated approval
authority when the transactions are consistent with policy and funds
are available.
Ensure records are routinely reviewed and reconciled, by someone
other than the preparer or transactor, to determine that transactions
have been properly processed.
Make certain that equipment, inventories, cash and other property are
secured physically, counted periodically, and compared with item
descriptions shown on control records.
Provide employees with appropriate training and guidance to ensure
they have the knowledge necessary to carry out their job duties, are
provided with an appropriate level of direction and supervision, and are
aware of the proper channels for reporting suspected improprieties.
Document policies and procedures and make them accessible to
employees. The documented policies and procedures provide day-to-
day guidance to your staff and continuation of duties in the event of
prolonged employee absences or turnover.
Review operations to ascertain whether results are consistent with
established objectives and goals and whether the operations are being
carried out as planned.
