Which of the following procedures can help prevent and detect the theft and conversion of outgoing company checks?
A) Train employees to look for dual endorsements on canceled checks.
B) Chart the date of mailing for every outgoing check.
C) Track changes made to vendor records.
D) All of the above

Question

Quizplus · Accepted Answer

All of the procedures listed can help prevent and detect the theft and conversion of outgoing company checks. Training employees to look for dual endorsements can help detect instances where a check has been endorsed by both the intended recipient and a third party. Charting the date of mailing can help verify when a check was sent and potentially identify delays or suspicious activity. Tracking changes made to vendor records can help prevent unauthorized changes to payee information. Using all of these procedures together can provide a comprehensive approach to detecting and preventing check fraud.

Which of the Following Procedures Can Help Prevent and Detect