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Best Review or Audit Performed on Employee Accts.

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What is the best type of review or audit performed on employee accounts? What are the recommended intervals and best way to show the findings or results?

This is risk based but often involves a random selection of staff and a review of one or two quarters of bank statements. Looking for odd deposits is a key as those could indicate embezzlement or fraud or those "living beyond their means."

This is a very sensitive issue and while all employees need to be subject to review and random selection, it is more than just a privacy issue based on who is being reviewed and what statement contents can reveal.

First published on 06/14/2020

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