P&C Members must look out for fraud

Members of the Association must constantly be on the lookout for fraud

Indicators as set out in the manual include some of the following:

Financial reports not being consistently presented for meetings
Activities of the P&C making a loss or decreasing profits
Late payments of expenses or late banking of funds
Lack of segregation of duties

Should a member of the P&C suspect fraud is happening, they must not investigate it themselves, but must report it to the Principal.

Know what the Accounting Manual procedures are and your efforts will continue to benefit your school.

Once again, thank you for contributing to your school.

Author: Queensland Audit Services

https://www.qldauditservices.com.au/

Our team of specialist auditors deliver a timely, efficient and affordable service tailored to individual client needs. QAS has the ability to do more than just meet standards but add value. We adopt best practice to ensure our clients are happy and satisfied. Our personal approach means you’re dealing with real people who are genuinely interested in assisting you.