Internal Controls Essay Example | Topics and Well Written Essays - 250 words

Internal Controls - Essay characterThe accounting function should be given to an individual who does not have the custody of the collections (Meigs & Meigs, 1993). There is a possibility of the intellect usher and the record keeper working together to under-report the collections made, with a sharing of the pocketed amounts. They butt work together to undermine the system. If the head usher were to count the collection in front of the separate ushers, it could serve as a counter-verification of the collections. But here again there is a possibility of the head usher working together with the other ushers to pocket some gold. In fact the Rector of the church should be present when the ushers gather together, give their separate collections to the head usher and then the total money is put together and counted. The installation of a surveillance camera in the basement room in secret, and another on the way down at a strategic point should be cultivated without anyones knowledge except for the Rector of the Church. Another loophole is available because the Church asks all check contributors to wangle their checks payable to Cash. This amounts to giving a chance to anyone who pockets a check to cash the money without being detected.