Cash

Abstract

As public servants, it is our responsibility to safeguard taxpayer’s dollars while adhering to laws and regulations governing processes over cash handling. Internal controls over cash are necessary to prevent mishandling of funds and to safeguard against loss. Strong internal controls also protect employees from inappropriate charges of mishandling funds by defining responsibilities in the cash handling process. “Cash” includes coin, currency, checks, money orders and credit card transactions. Entities can use internal controls to protect against embezzlement, theft, fraud, and poor decision making.