Material fraud can occur where employees have access to cash – either via a cash register or other cash transactions not handled through a cash register. In order to help prevent the theft or misappropriation of cash, noted below are some basic controls over cash registers and/or cash receipts:
• Require that paper receipts be given to customers.
• Cashiers should not have authority to “void” or “override” a transaction or approve refunds; these transactions should be approved by management or supervisory personnel.
• Cashiers should not operate from one cash drawer.
• Unannounced (“surprise”) cash counts should periodically made of cash drawers.
• Surveillance cameras and/or spotters should be used where appropriate.
• “Management Override Reports” should be reviewed and approved by higher-level officers or officials.
• “Trend analysis” and “data analytics” should be used to identify any unusual increases or decreases in cash receipts (i.e. a review of daily, weekly, monthly, quarterly or annual cash trends).
- Key 2017 tax developments affecting California governmental agencies,
- Any new health care legislation that may be enacted before year end.
The seminars will be presented from 9 a.m. to 3 p.m. at each location below and will qualify for five hours of government continuing education credit with the California State Board of Accountancy. The seminars will be held at the following four locations:
Irvine: Thursday, November 30. UC Irvine Event Center, 311 West Peltason Drive, Irvine, CA 92697. (949) 824-5252.
Lakewood: Tuesday, December 5. Centre & Sycamore Plaza, 5000 Clark Avenue, Lakewood, CA 90712. (562) 866-9771, ext. 2801.
Ontario: Thursday, December 7. Doubletree Hotel, 222 N. Vineyard Avenue, Ontario, CA 91764. (909) 937-0900.
San Francisco: Tuesday, December 12. Westin Hotel SFO, 1 Old Bayshore Hwy., Millbrae, CA 94030. (650) 692-3500.
The speakers for the seminars will be:
Bill Morgan, CPA, principal, WNDE Irvine office (all locations)
Marcus Wu, Employee Benefits/Tax Attorney, Pillsbury Winthrop Shaw Pittman LLP, San Diego office (all locations)
Amber Ward, Employee Benefits/Tax Attorney, Pillsbury Winthrop Shaw Pittman LLP, San Francisco office (San Francisco only)
The cost for the seminar is $395 per person, which includes the 2017 Government Tax Manual, a continental breakfast, beverages and a luncheon buffet. Seminar attendees will be responsible for all parking charges. You may order the 2017 Government Tax Manual separately for a cost of $300.
For more information, or if you wish to register for a seminar, please contact Laurie Nakakihara at (714) 978-1300.