CASH AND NEGOTIABLE ITEMS
The table below lists the procedures being tested. Work paper references are included to eliminate
duplicate work paper references. Budget hours should tie out to the Budget/Plan form in section 3 of the
Planning File. The “Done By” column identifies the work has been completed when initialed and dated.
AUDIT OBJECTIVE/ PROCEDURE
BUDGET DONE BY
Teller Cash Control:
• Determine where the tellers' cash is kept when not in the tellers'
• Describe how the tellers cash is accessed (keys, combinations, etc)
• While their cash is in their station, determine if the teller cash drawer
locked when the teller is away from their window.
• While at the branch, test the teller drawers when they are away to
ensure they are locked. Were exceptions noted?
• Determine if separate teller stations are assigned to all the tellers, or if
the stations rotated and teller station keys shared? If stations are
shared, determine how sole control of cash is maintained.
SCOPE: Review controls for teller area of the bank.
Cash limits and Cash Shipments:
• Determine if teller cash limits and cash vault limit established and
• What are the limits and are they formally documented/communicated
in a policy or form?
• How are they monitored?
• Determine how cash shipments are made, e.g. Brinks. Are cash
shipments between banking centers made by employees?
If yes, are precautions taken to reduce the risk to these employees?
• Document procedures when employees are involved in the transfer of
cash between banking centers
SCOPE: Review limits for all tellers at the branch. Determine and
analyze procedures through observations and discussion with
Surprise Teller Cash Audits:
Inquire to determine if surprise cash counts for the vault cash, ATM,
cash dispensing machines, and tellers performed.
• What is the frequency?
• Who performs the audits?
Is this person independent