Employees Important

Why are competent employees important to an organizations internal control system How can separation of duties reduce the risk of undetected errors and irregularities Discuss some of the advantages to an organization from using a voucher system and pre-numbered checks for its cash disbursement transactions Answer To hire retain the competent employee is the other vital element of successful control environments. The management must invest to educate train the staff so that they may fulfil properly job responsibilities. The training policy must document in writing for providing the employees with mandate for attending the training educational seminar as needed for performing the tasks. Separation of Duties reduces likelihood of the errors irregularities. The individual isnt for having the responsibility for above one of three transactions components like custody, authorization records keeping. If work of an employee has checked by the other if responsibility for the custody for the assets has separated from responsibility to maintain record relating to such assets, there is an appropriate segregation of the duties. It helps to detect the errors in timely manner deter the improper activities at similar time, this must be devised for prompting the operational efficiencies allowing for the effective communication. Objectives of