BAMZOOKA
Fraud Prevention Checklist
- Conduct background checks on employees, vendors and board members
- Hire CPA to develop financial procedures
- Implement multiple signatures for checks
- Divide and rotate tasks
- Do not allow cash payments
- Divide deposit and bank statement reconciliation responsibilities
- Review and reconcile bank statements in a timely manner
- Require adequate supervision of employees
- Secure your supply of blank checks
- Regularly update signature cards, PINs and authorization codes
- Insist that employees or directors involved in positions of trust be bonded
- Use direct deposit or daily deposit for dues & assessments
- Require original invoices and mark paid
- Have duplicate bank statements sent to different people
- Issue checks in numerical order
- Require employees to take vacations or time away from work
- Demand full disclosure of potential conflicts with vendors