cash disbursements

Illustration 7-6 shows the internal controls for cash disbursements.  I recall one audit where invoices were not marked "paid' resulting in duplicate payments, which amounted to a significant dollar amount.   As indicated in Chapter 7, most medium and large organizations will require vouchers for all types of cash disbursements except those from petty cash.  The Ethics Insight section on page 453 identifies four types of employee fraudulent disbursements. 

 

 What is at least one example of cash disbursement controls for billing, expense reimbursement, check tampering, and payroll implemented by your employer organization?    

 

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