Cash Receipts and Disbursements

What Are Adequate Controls Over Fire Company’s Cash Receipts and Disbursements?

What Are Adequate Controls Over Fire Company’s Cash Receipts and Disbursements? New York fire company boards should establish policies and procedures to safeguard cash receipts and disbursements. The Board and Membership should: Segregate the duties related to cash receipts and disbursements or provide mitigating controls such as requiring at least two individuals to count and…