Cash Handling Audit Checklist
The Cash Handling Audit Checklist is a tool used to ensure proper cash handling procedures are being followed in a business. It includes items such as verifying accuracy of cash register tapes, performing surprise cash counts, and having procedures in place to prevent theft and fraud. It also includes items such as confirming each cash receipt is signed and dated, ensuring cash is counted out loud in front of customers, and having proper security measures in place. The checklist also covers items such as training employees on cash handling policies, having proper documentation of cash transactions, and reconciling cash balances with the bank. By using this tool, businesses can ensure proper cash handling processes are in place and reduce the risk of theft or fraud.
- Cash Handling Audit Checklist
- Completed
- Incomplete
- Attention Needed
- Not Applicable (N/A)
- Check for adequate cash handling policies and procedures in place
CompletedIncompleteAttention NeededNot Applicable (N/A)- Document cash handling processes
CompletedIncompleteAttention NeededNot Applicable (N/A)- Ensure that cash is counted accurately and promptly
CompletedIncompleteAttention NeededNot Applicable (N/A)- Verify that cash is securely stored
CompletedIncompleteAttention NeededNot Applicable (N/A)- Check for appropriate cash handling equipment
CompletedIncompleteAttention NeededNot Applicable (N/A)- Ensure that cash is reconciled daily
CompletedIncompleteAttention NeededNot Applicable (N/A)- Verify that cash is not left unsecured
CompletedIncompleteAttention NeededNot Applicable (N/A)- Check for appropriate cash handling training and education
CompletedIncompleteAttention NeededNot Applicable (N/A)- Monitor cash deposits and withdrawals
CompletedIncompleteAttention NeededNot Applicable (N/A)- Verify that adequate internal controls are in place
CompletedIncompleteAttention NeededNot Applicable (N/A)- Ensure that cash is securely transported
CompletedIncompleteAttention NeededNot Applicable (N/A)- Check for appropriate security measures in place
CompletedIncompleteAttention NeededNot Applicable (N/A)- Monitor cash discrepancies and investigate any irregularities
CompletedIncompleteAttention NeededNot Applicable (N/A)- Verify that cash is safeguarded against theft
CompletedIncompleteAttention NeededNot Applicable (N/A)- Ensure cash is properly accounted for in the books of accounts
CompletedIncompleteAttention NeededNot Applicable (N/A)
Checklist Category
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Frequently Asked Questions
What is a cash handling audit checklist?
A cash handling audit checklist is a document used to assess the safety and accuracy of a business's cash handling procedures. It includes items such as reviewing employee-training records, performing spot-checks of cash registers, and evaluating internal controls.
What areas should a cash handling audit checklist cover?
A cash handling audit checklist should cover areas such as cash receipt and payment procedures, bank reconciliation and deposits, internal controls, security, and cash-handling equipment.
What are the benefits of conducting a cash handling audit?
Conducting a cash handling audit allows a business to identify any potential risks or issues with their cash handling process, as well as to ensure compliance with relevant laws and regulations. Additionally, it can help to improve the efficiency and accuracy of a business's cash handling processes.
