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To help avoid this situation, harbour authority accounting practices should include financial controls, such as a well-defined separation of money-related tasks, recommends Mr. Richardson. For example, the harbour manager might collect payments, but a director would make the bank deposits. Another control is to have two directors review the invoices prepared by the harbour manager before issuing two-signature cheques to pay the bills. "This not only limits any one person's ability to handle funds improperly, but it also maintains regular communication between harbour personnel and directors about the harbour authority's financial operations."
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