The importance of developing an audit program that includes thorough procedures to audit cash balances, or cash receipts, is important because it can affect an organization's profits. The auditor must ...

Everyone in the UB community has the responsibility to safeguard cash and cash equivalents. This policy provides guidance for the administration of and internal controls over university cash handling ...

Segregation, or separation, of accounting duties means dividing the tasks so that different people are handling transaction processing, data recording, financial statement preparation and auditing.