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#2106822 - 11/10/16 02:25 PM head teller or dual control vault cash access?
LisaL Offline
Junior Member
Joined: Oct 2008
Posts: 35
Good morning,
we had an auditor recommendation to change our cash vault combination access from currently a 1 person 1 combination (head teller) to a 2 person and 2 combinations(head teller with teller) each and everytime cash is sold or bought from the cash/coin vault.
Anyone have any procedures or recommendations they are willing to share ?
thanks in advance
lisa

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Audit
#2106840 - 11/10/16 03:09 PM Re: head teller or dual control vault cash access? LisaL
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 79,931
Galveston, TX
Having any one person with the combination to the vault places that person in unnecessary jeopardy.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2106844 - 11/10/16 03:14 PM Re: head teller or dual control vault cash access? LisaL
Norman Paperman Offline
Diamond Poster
Norman Paperman
Joined: Aug 2012
Posts: 1,659
48.934476, -114.343735
Much agreed with Randy here. Dual control is the gold-standard.
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Maybe you just wanna fly the plane yourself. Well good luck pressing take off, then auto pilot, then land.


CRCM

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#2106859 - 11/10/16 03:47 PM Re: head teller or dual control vault cash access? LisaL
E.E.G.B Offline
Power Poster
E.E.G.B
Joined: Jul 2002
Posts: 6,726
the sandy shore
Always, Always, ALWAYS dual control. Lack of it is just asking for trouble.
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I disbelieved what he was saying so hard, I probably created an alternate universe where it wasn't true.

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#2106917 - 11/10/16 06:08 PM Re: head teller or dual control vault cash access? LisaL
RockChucker, CAMS Offline
Diamond Poster
Joined: Jul 2013
Posts: 1,677
The Country
100% dual control. Don't expose your employees or company to that much risk. Many people complain when switching to dual control because they assume it will take sooo much longer but in reality it doesn't.
_________________________
A successful man is one who can lay a firm foundation with the bricks others have thrown at him.
-David Brinkley

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#2106966 - 11/10/16 07:59 PM Re: head teller or dual control vault cash access? LisaL
Sunshine Lady Offline
Platinum Poster
Sunshine Lady
Joined: Apr 2014
Posts: 630
If you get any push back, just tell them that it protects everyone with two sets of eyes on the money. Once put in place, everyone needs to follow not just say you do. I am talking from experience.
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Define Success on your own terms, achieve it by your own rules, and build a life you are proud of. Anne Sweeney

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