Effective Internal Control Over Cash Includes the Requirement That
This control measure is possible in all but the smallest companies. A Only checks are used for payment of purchases. What Are Internal Controls Types Examples Purpose Importance B The same person who makes deposits should also record the deposits. . Physical security such as locking premises personal offices filing cabinets and safes etc. The duties of authorization signing a check or releasing a wire transfer custody having access to the blank check stock or the ability to establish a wire transfer and. Effective internal control over cash includes the requirement that. Ensure the quality of internal and external reporting which in turn requires the maintenance of proper records and processes that generate a flow of timely relevant and reliable information from both internal and external sources. For information about cash handling responsibilities contact the Cashiers Office 858 534-3725. Another weakness in internal con...