To prevent and detect forged maker schemes, an organization should:
A) Separate the duties of check preparation and check signing.
B) Rotate authorized check signers.
C) Maintain a usage log for the signature stamp.
D) All of the above

Question

Quizplus · Accepted Answer

Separating the duties of check preparation and check signing ensures that two individuals are involved in the process, reducing the risk of a single person abusing their power to create fake checks. Rotating authorized check signers ensures that no single individual has too much power, while maintaining a usage log for the signature stamp allows for better tracking and accountability. Combining all of these measures is the best way for an organization to prevent and detect forged maker schemes.

To Prevent and Detect Forged Maker Schemes, an Organization Should