Segregation Of Responsibilities – For Cash Handling

Are the responsibilities of Cash handling properly segregated, to avoid fraud, and to execute the operation seamlessly?

Do separate personnel designated for Collection and Deposit of Cash, and for Recording the Cash Receipts and General Ledger entries?

Do separate personnel designated for Cash receipts functions and for Cash disbursements?

For Cash disbursement preparation and the approval process, and, for Recording/entering data on the ledger for cash disbursements, are separate personnel available?

For the Disbursement approval function, for Disbursement, voucher preparation, and, for Purchasing functions, do separate personnel designated?

For Entries in the cash receipt and disbursement records, and, for entering the general ledger, do separate personnel designated?

For Preparing and approving bank account reconciliations, and for other cash receipt or for disbursement functions, do separate personnel designated?

Does access to the Cash management applications, and Functions within the programs, restricted only to the authorized personnel?

Do all Wire Transfers of the bank independently examined and then approved?