Segregation Of Responsibilities – For Petty Cash Or Change Fund Handling

Are the responsibilities of Credit Card and Change Funds handling properly segregated, to avoid fraud, and to execute the operation seamlessly?

Are the responsibilities to monitor the frequency of petty cash fund replenishment separated from the fund custodian?

Are the responsibilities for depositing, reconciling and recording of the office/department/s receipts/collections separated from the custodian of the petty cash and/or change funds?

Is the Custodian of Petty cash fund and/or Change fund responsible to handle only a single fund?

Are all Reimbursement voucher approved by designated staff who does not have direct access to the petty cash?