Segregation Of Responsibilities

Segregation Of Responsibilities – For Cheque Handling

No. Question Options 1 Are the responsibilities of Cheque handling properly segregated, to avoid fraud, and to execute the operation seamlessly? Yes No N/A 2 Do authorized persons different for signing a Cheque and releasing a Wire transfer? Yes No N/A 3 Does only authorized personnel have the access to Blank cheque stock, and to […]

Segregation Of Responsibilities – For Petty Cash Or Change Fund Handling

No. Question Options 1 Are the responsibilities of Credit Card and Change Funds handling properly segregated, to avoid fraud, and to execute the operation seamlessly? Yes No N/A 2 Are the responsibilities to monitor the frequency of petty cash fund replenishment separated from the fund custodian? Yes No N/A 3 Are the responsibilities for depositing, […]

Segregation Of Responsibilities – For Credit Card Handling

No. Question Options 1 Are the responsibilities of Credit Card handling properly segregated, to avoid fraud, and to execute the operation seamlessly? Yes No N/A 2 To process a credit card payment and to process the void transactions, do separate personnel designated? Yes No N/A 3 To process a credit/refund, and to process a payment, […]

Segregation Of Responsibilities – For Cash Handling

No. Question Options 1 Are the responsibilities of Cash handling properly segregated, to avoid fraud, and to execute the operation seamlessly? Yes No N/A 2 Do separate personnel designated for Collection and Deposit of Cash, and for Recording the Cash Receipts and General Ledger entries? Yes No N/A 3 Do separate personnel designated for Cash […]