Campus Departments Handling Cash and Cash-Equivalents
10/12/2011
The Berkeley Campus Audit and Advisory Services department has selected cash management as an audit topic this year. Scheduled for the second quarter of FY2012 (October – December 2011), the audit will review controls over cash receipts and bank deposits, the timeliness and accuracy of deposits, and overall compliance of cash-handling activities with the UC Accounting Manual and BUS 49.
The scope of the audit will include cash, checks, credit cards, wire transfers and petty cash.
Departments selected to participate in this audit will be notified in the next few weeks regarding the testing process and timelines.
Below are links to the relevant policies and training activities. We encourage all departments to examine their processes and procedures for accepting cash and cash-equivalents to ensure proper controls, compliance and documentation.
Accounting Manual Cash Controls
Thank you for your cooperation with this audit activity. Please direct any questions to Billing and Payment Services at cashiers@berkeley.edu or 643-9803.