Quote:
Originally Posted by coadie
Just some CPA advice. We call it internal control. Internal control questionaires are filled out before a company gets an audit.
Who deposits the cash?
Who signs checks?
Who reconciles bank statements?
Who handles deposits by counting cash before the deposit?
Who has signiture authority on the accounts?
ERISA Fidelity Bonds. Every administrator, officer, and employee of any plan who handles funds or other property of such plan must be bonded. Same goes for officers in a church. NO exceptions.
Actually a smart pastor will watch and have someone sign checks including his pay check.
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Just wanted to second this--great advice! I work for a financial institution and even on the computing side we're big on "dual control," "dual custody," and "peer review." It just makes sense, especially when you're talking about money.
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