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Implement segregation of duties so that duties are divided, or segregated, among different people to
reduce risk of error or inappropriate actions. No one person should have control over all aspects of any financial
transaction.
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Review which staff should have authority to approve certain transactions and see that such approvals are
consistent with company policy and funds availability.
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Ensure records are routinely reviewed and reconciled by someone other than the preparer or transactor, to
determine that transactions have been properly processed.
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Make certain that equipment, inventories, cash and other property are secured physically, counted
periodically, and compared with item descriptions shown on control records.
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Provide employees with appropriate training and guidance to ensure they have the knowledge necessary to
carry out their job duties, are provided with an appropriate level of direction and supervision, and are aware of the
proper channels for reporting suspected improprieties.
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Document policies and procedures and make them accessible to employees. The documented policies and
procedures provide day-to-day guidance to your staff and continuation of duties in the event of prolonged employee
absences or turnover.
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Review operations to ascertain whether results are consistent with established objectives and goals and
whether the operations are being carried out as planned.
