REYES, DANIELLE Z.

AT-3A

IT 1
ASSIGNMENT PRELIM

CONTROLS
1. *Detective, Directive &

Preventive
*Financial Controls
*Monitoring
*Concurrent controls
2. *Detective, Directive &

Preventive
*Financial Controls
*Monitoring
*Concurrent controls
3. *Detective, Directive &

Preventive
*Financial Controls
*Monitoring
*Feedforward Controls
4. *Detective, Directive &

Preventive
*Financial Controls
*Monitoring
*Concurrent controls
5. *Detective, Directive &

Preventive
*Financial Controls
*Monitoring
*Concurrent controls
6. *Detective, Directive &

Preventive
*Financial Controls
*Monitoring
*Feedforward Controls
7. *Detective, Directive &

Preventive
*Financial Controls
*Monitoring
*Concurrent controls
8. *Detective, Directive &

Preventive
*Financial Controls
*Monitoring
*Concurrent controls

Possible risks or threats if the control is not implemented in

Cash Disbursement Department
SKIMMING: Employee accepts payment from a customer but
does not record sale.

CASH LARCENY: Employee steals cash and checks from daily

receipts before they can be deposited in the bank.

BILLING: Employee creates a shell company and bills employer

for nonexistent services.
: Employee purchases personal items and submits
invoice to employer for payment.
CHECK TAMPERING: Employee steals blank company checks
and makes out to himself or an accomplice.
: Employee steals outgoing check to a
vendor and deposits it into his own bank account.
EXPENSE REIMBURSEMENT: Employee files fraudulent
expense report, claiming personal travel and nonexistent meals
and etc.

PAYROLL: Employee claims overtime for hours not worked.

: Employee adds ghost employees to the payroll.

CASH REGISTER DISBURSEMENT: Employee fraudulently

voids a sale on his cash register and steals the cash.

CASH on HAND MISAPPROPRIATIONS: Employee steals cash

from a company vault.