Office of the General Accountant: Indispensable

(manufacturing department) payrolls were padded. Sadly, they didn’t even care if there were raw materials that were lost through wastages or pilferages.

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Today, however, their mindsets have significantly changed. Reasons run from having children (the apparent successors) who are well-schooled and are so concern about having better internal control system or are now aware, that, after all, they have become victims of embezzlements. Consequently, they hire consultants to set up the most appropriate accounting systems and hire accountants to religiously implement them. With this in mind, their organizational structures are so designed that each person does not handle incompatible functions. These are established, in a way, that the cardinal rule of segregation of duties is well observed and checks and balances are assured.