Why is the segregation of duties important? - Answersdivide certain basic functions into specific job
responsibilities.
-eliminates temptation/risk/opportunity to steal
-puts obstacles in the way of someone wanting to steal
-provides accountability at all times
warning signs of theft in the office - Answers-too many $3 AR adjustments bc no gm approval needed
-sudden change in AR%
-refusing to take vacation
-insisting no one else performs job
-is frequently sick
minimum score on the audit - Answerspassing=75
OAA=85
how often is a corporate audit performed - Answersevery 3 years
-internal every 6 months
what does CEA stand for? - AnswersCapital Expenditure Authorization
-used for most purchases over $1000
-get form from Manager & needs to be filled out for approval
Policy 38 how do you determine what month a purchase should be charged in? - AnswersPolicy 38:
always pay for it in the month you received it
what departments are responsible for AR collection - Answersoffice and service
describe required & assets in context of Met Hiring? - AnswersRequired's= predict failure (if you do not
have, will not be able to perform the job)
Assets=predict success (better qualifying)
overall location turnover - Answerslocation: 13.31% for November
service: 11.65%
Office: 17.65%