Ethics and trust with bank vault access
You are a supervisor of an accounting department. There are four other people who work in the department that you are responsible for:
Rosy, Accounts Payable person
Susan, Accounts Receivable person
Sharon, assistant to Rosy
Michelle, assistant to Susan
You have just discovered that some money is missing from the petty cash drawer which is kept in the vault. Due to the nature of their work, both Rosy and Susan (plus yourself as supervisor) have access to the vault where the blank checks and previous years' records are kept, among other items.
What is your next step? How will you handle this situation? How would the use of auditing tools (CAATs or software) be useful?
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Accounting issue
Word count needs to be between 150-200 words.
You are a supervisor of an accounting department. There are four other people who work in the department that you are responsible for:
Rosy, Accounts Payable person
Susan, Accounts Receivable person
Sharon, assistant to Rosy
Michelle, assistant to Susan
You have just discovered that some money is missing from the petty cash drawer which is kept in the vault. Due to the nature of their work, both Rosy and Susan (plus yourself as supervisor) have access to the vault where the blank checks ...
Solution Summary
The solution discusses the ethics and trust and bank vault access.