5 Really Bad Check Signing Practices addresses the payments risk and lack of check signing internal controls when the check issuance process includes one of the five issues discussed in the video. #Checks are typically issued by the #accountspayable department, which is usually part of the #accounting group. These poor check signing practices have the potential to facilitate fraud and make it easier for employees to circumvent controls.

Check signing internal controls should be strong and rigorous to ensure fraudulent schemes aren’t made possible. That’s why check signing is still important and the process is part of the check issuance internal controls. Poor practices enable duplicate payments and fraud. Some of these weak practices include check signing with a rubber stamp, blank signed checks, emergency checks, rush checks, and non-review of backup before a check is manually signed.

Clearly, check signing best practices does not include the practices discussed above but does include check signing machine internal controls.

Really bad check signing processes do not consider payments risk and mostly focus on what’s easy or what’s always been done. The complete lack of check signing internal controls can be a real problem. This is especially true when the check issuance process includes one of the five matters addressed in the broadcast. These weak manual check signing practices have the potential to make fraud easier to perpetrate and make it simpler for workers to get around controls.

Link to Accounts Payable Headaches No One Talks about [Accounting Alert]https://youtu.be/FDbIf2tHtls

Link to More Accounts Payable Headaches No One Talks abouthttps://youtu.be/4z7UBwVA8Bw

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