The Financial Management Standard & Toolkit was developed and released to schools as a self-
Skimming- A clerk makes a sale but fails to record the sale and pockets the cash.
Fraudulent Disbursements- Payments are made against phony invoices.
Checkbook Fraud- One employee has control of the company checkbook and there are no safeguards in place.
Payroll Fraud- Filing for fake overtime, or for fake employees.
Inventory Fraud- It doesn't matter whether the items are small or large—pens and paper or merchandise and machinery parts—inventory disappears
Extracted from Anne Wallingford website www.aw-wrdsmth.com
ZibahConsultants Limited has been in the forefront of delivering professional services in Audit, Tax and
We propose to assist school governors and senior managers to completing the
One text book definition of the term Internal Controls, is as follows: Internal control comprises the plan of
