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.

  • Check for adequate cash handling policies and procedures in place
  • Document cash handling processes
  • Ensure that cash is counted accurately and promptly
  • Verify that cash is securely stored
  • Check for appropriate cash handling equipment
  • Ensure that cash is reconciled daily
  • Verify that cash is not left unsecured
  • Check for appropriate cash handling training and education
  • Monitor cash deposits and withdrawals
  • Verify that adequate internal controls are in place
  • Ensure that cash is securely transported
  • Check for appropriate security measures in place
  • Monitor cash discrepancies and investigate any irregularities
  • Verify that cash is safeguarded against theft
  • Ensure cash is properly accounted for in the books of accounts

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.