Fraud Risk Assessment Tool

Module 6- Check Tampering Schemes
Yes / No / Not Applicable
Are unused checks stored in a secure container with limited access?
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Are unused checks from accounts that have been closed promptly destroyed?
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Are electronic payments used where possible to limit the number of paper checks issued?
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Are printed and signed checks mailed immediately after signing?
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Are new checks purchased from reputable check vendors?
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Do company checks contain security features to ensure their integrity?
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Has the company notified its bank to not accept checks over a predetermined maximum amount?
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Module 6- Check Tampering Schemes
Yes / No / Not Applicable
Has the company established positive pay controls with its bank by supplying the bank with a daily list of checks issued and authorized for payment?
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Is the employee who prepares the check prohibited from signing the check?
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Are detailed comparisons made between the payees on the check and the payees listed in the cash disbursements journal?
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Are employees responsible for handling and coding checks periodically rotated?
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Are bank reconciliations completed immediately after bank statements are received?
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Are bank statements and account reconciliations independently audited to confirm accuracy?
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Are cancelled checks independently reviewed for alterations and forgeries?
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Module 6- Check Tampering Schemes
Yes / No / Not Applicable
Are checks for a material amount matched to the supporting documentation?
Are voided checks examined for irregularities and to ensure they haven’t been processed?
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Are missing checks recorded and stop payments issued?
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Do questionable payees or payee addresses trigger review of the corresponding check and support documentation?
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With the exception of payroll, are checks issued to employees reviewed for irregularities?
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Are two signatures required for check issuance?
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Area all company payments made by check or other recordable payment device?
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Are handwritten checks prohibited?
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