David Zweighaft, CPA/CFF, CFE,
Ensure there is sufficient segregation of duties so that no one individual has more than one of the following: access to assets, the ability to record transactions and record keeping responsibilities. (An example of this would be a bookkeeper who has control of the checkbook, maintains the cash receipts and disbursements journal and receives and reconciles the bank statements.)  • For all disbursements above a specified amount, require two signatures for approval of checks.
• Require multiple bids on all purchases above a specified amount.
• Conduct surprise …