|
|
INTERNAL CONTROLS
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Management |
Employees |
|||||||
Responsible Person |
Yes |
No |
N/A |
Yes |
No |
N/A |
||
| A2. | Is there an established maximum amount for individual cash disbursements from Petty Cash fund? |
________ | _____ | _____ | _____ | _____ | _____ | _____ |
| If yes, how much? __________ | ||||||||
| A3. | Are payees required to sign vouchers or provide receipts for all cash disbursements? | ________ | _____ | _____ | _____ | _____ | _____ | _____ |
| A4. | Has someone been assigned responsibility for the fund? | ________ | _____ | _____ | _____ | _____ | _____ | _____ |
| A5. | Is the Petty Cash fund reconciled & reimbursed at least monthly? | ________ | _____ | _____ | _____ | _____ | _____ | _____ |
| A6. | Does someone other than the person with day-to-day control handle the reconciliation and reimbursement? | ________ | _____ | _____ | _____ | _____ | _____ | _____ |
| A7. | Is the fund audited at random, unannounced times (to verify the balance and to make sure employees do not have IOU's or checks that are being held)? | ________ | _____ | _____ | _____ | _____ | _____ | _____ |
| How often?_______________ | ||||||||
| A8. | Is supporting evidence (receipts/vouchers) effectively canceled at the time of fund reimbursement to preclude their re-use? | ________ | _____ | _____ | _____ | _____ | _____ | _____ |
| A9. | Is management given the supporting evidence (receipts / vouchers) when presented with the fund reimbursement check? | ________ | _____ | _____ | _____ | _____ | _____ | _____ |
| A10. | Are employee advances prohibited from the petty cash fund? | ________ | _____ | _____ | _____ | _____ | _____ | _____ |
| A11. | Are employee post dated checks prohibited from being cashed from the petty cash fund? | ________ | _____ | _____ | _____ | _____ | _____ | _____ |
To have a consultant come into your store to do this analysis and review for you would take 2-3 days and cost at least $3,000 - $4,500. You, however, can get the knowledge of an experienced consultant for just $89 by ordering this manual and doing the review yourself.
PRICE: $89.00 + $6.00 shipping and handling (Priority Mail)
For regular mail service, send your check for $95 made payable to
The Retail Management Advisors to:
Internal Controls
The Retail Management Advisors
510 Red Oak
Allen, TX 75002
OR
If you prefer to use a credit card, click on the paypal link below
PRICE: $89.00 + $6.00 shipping and handling (Priority Mail)
OR
For IMMEDIATE OVERNIGHT shipment, order using PayPal by clicking on the link below
PRICE: $130.00 includes overnight delivery
Home | About Us | Open-to-Buy | Peer Groups | Internal Controls Job Descriptions | Services | Articles | Links | Contact Us |