ABSTRACT
A person in charge of security may well have additional auditor-type responsibility in the checking of petty cash vouchers, procedures, cheque handling and safekeeping and so on.
If a company insures its cash, the method and means of holding and moving money must have the insurer’s approval. This is particularly important for the collection and delivery of substantial funds; strict limitations are likely to be imposed on the maximum sums that can be carried by company personnel without the use of commercial carriers (whose own insurance would provide cover during the period which was formerly of maximum danger – transit between bank and customer). On purely financial grounds it may be advantageous to use a specialist company, thus minimising risks to employees.
