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Get Petty Cash Audit Assessment For Schools & Centers
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How to fill out the Petty Cash Audit Assessment for Schools & Centers online
The Petty Cash Audit Assessment for Schools & Centers is an essential tool for maintaining oversight of petty cash operations within educational institutions. This guide offers clear, step-by-step instructions to assist users in accurately completing the form online.
Follow the steps to successfully complete the assessment.
- Click ‘Get Form’ button to access the assessment form and open it in the online editor.
- Complete the 'Custodian' field by entering the name of the individual responsible for the petty cash fund.
- Fill in the 'Last Review Date' to indicate the date of the last audit conducted.
- Under 'Self Assessment Objectives', enter the period for which this audit is being conducted in the 'Review Period' field.
- Utilize the Petty Cash Report sent quarterly from the Cashier's Office, noting variances in account numbers and balances between sources.
- Document findings for each verification step, including the physical location of the fund, custodian's status, and account details.
- Assess the average bi-weekly replenishment against the petty cash fund balance, noting whether it falls within policy range.
- Review disbursements, ensuring all necessary documentation, such as receipts and vouchers, is present and properly completed.
- Verify compliance with transaction authorization processes and ensure adequate segregation of duties is maintained throughout.
- Upon completion of the assessment, save changes, download, print, or share the form as needed to finalize the audit documentation.
Begin filling out the Petty Cash Audit Assessment form online today to ensure compliance and thorough oversight.
You should look for any signs of fraud, errors, or misuse, such as missing receipts, unauthorized expenses, excess cash, or unbalanced accounts. You should also evaluate the efficiency and adequacy of your petty cash system, and see if you need to adjust the amount, frequency, or scope of your petty cash fund.
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