ISSUE 1
No segregation duties in finance
department. En. Faris as a
finance clerk have prepared the
cheque and voucher. This
problem can bring to fraud on
the company’s money such as
misuse of cash and unauthorized
payment could be made to
PCI SDN
vendor when it did not been
supervised by the manager.
BHD
RECOMMENDATION
PROCURE TO PAY
Cheque and voucher should be
done or prepared by the
different account clerk. Later
on, the documents should be
check first by the supervisor
before it being sent to the
general manager and assistant
finance will approved on the
amount in the cheque and
voucher.
ISSUE 2
Siti Aminah (CFO) has no
experience in system and
technology.She may have
difficulty in identifying the
weaknesses in the current system.
She doesn’t have the ability to
develop a new system to deal
with the weaknesses in the
current system.
RECOMMENDATION
Siti could recruit consultants
who are the expert in the field
of system and technology.
Besides, Siti need to explain the
current issues to them and
develop a new purchasing
system to solve the problem.