CASH内部控制和现金管理(ppt 43页)

Internal auditors evaluate the effectiveness of the company’s system of internal control on a continuous basis.
Internal auditing is a professional activity within a company, often with direct access to the board of directors.
accounting records.
PRINCIPLES OF INTERNAL CONTROL
1. Establishment of responsibility 责任的建立: control is most effective when only one person is responsible for a given task.
employee who is independent
of the
personnel
responsible for the information.
3 Exceptions should be reported to a
INDEPENDENT INTERNAL VERIFICATION
Independent internal verification is often assigned to internal auditors内部审计师.
COMPARISON OF SEGREGATION OF DUTIES PRINCIPLE WITH INDEPENDENT INTERNAL
VERIFICATION PRINCIPLE
Segregation of Duties
Accounting Employee A Maintains cash balances
INTERNAL CONTROL 内部控制
Internal control consists of the plan of organization and all the related methods and measures adopted within a business in order to: 1 safeguard its assets and 2 enhance the accuracy and reliability of its
PHYSICAL CONTROLS
Safes, and safety deposit boxes for cash and business papers
Locked warehouses and storage cabinets for inventories and records
Computer facilities with pass key access
Independent internal verification 独立的内部验证: the review, comparison, and reconciliation of information from two sources.
Other controls其他控制: bonding of employees who handle cash, rotating轮换 employee’s duties, and requiring employees to take vacations休假.
2. Segregation of duties职责的分离: the work of one employee should provide a reliable basis for evaluating the work of another employee.
3. Documentation procedures过程证据化: documents should provide evidence that transactions and events have occurred.
MECHANICAL AND ELECTRONIC CONTROLS
Alarms to prevent break-ins Television monitors to deter theft Time clocks for recording time worked
INDEPENDENT INTERNAL VERIFICATION
To obtain maximum benefit frication:
1 The verification should be made periodically or on
a surprise basis.
2 The verification should be done by an
INTERNAL CONTROL AND CASH 内部控制和现金
Main Points
Define internal control. Principles of internal control. Internal control to cash receipts. Internal control to cash disbursements. Operation of a petty cash fund. Control features of a bank account. Prepare a bank reconciliation.
PRINCIPLES OF INTERNAL CONTROL
Physical, mechanical, and electronic controls 物理控 制: relate primarily to the safeguarding of assets and enhancing accuracy and reliability of the accounting records.