SEGREGATION OF DUTIES – CASH HANDLING
The following matrix is to be used as a guide to determine if segregation of duties is sufficient to
provide reasonable assurance that University assets and employees are protected. Consult with the
Office of Business Affairs if your department needs assistance obtaining segregation of duties.
Small department and county offices with one or two employees will need compensating controls in
place to ensure assets and employees are protected.
Activity
Business Affairs
Cashiers Office
Position Title
1. Receives cash
2. Reconciles cash receipts to daily cash
3. Performs unannounced cash counts
4. Deposits cash
5. Records deposit transactions in Banner
(Primarily Cashier’s Office)
6. Reconciles deposits to the accounting
system
7. Reviews cash reconciliations
October 4, 2005
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