Petty Cash Audit Checklist

Operating standard

1. 01

   Count cash with the assigned custodian and compare the total to the approved fund balance.

2. 02

   Match every receipt, voucher and reimbursement to policy, approval and business purpose.

3. 03

   Check that receipts are legible, timely, properly coded and free of duplicate reimbursement.

4. 04

   Document overages, shortages, missing support or repeated exception patterns immediately.

5. 05

   Set replenishment, corrective action and next audit date with the responsible manager.