The Assistant Vice President for Finance may authorize a specific dollar amount as non-reportable when associated with daily checkout procedures. Cash shortages, which are within that restriction, need not be reported. The Assistant Vice President for Finance will notify the Director of Audit and Management Review of significant or unusual cash shortages. Suspected Fraudulent Transactions Vice presidents, directors, deans, or department heads are to notify the Director of Audit and Management Review immediately of suspected fraudulent transactions. Any instance when a person cannot evince the total amount of cash, for which that person is responsible.
Cash includes currency, coin, checks, signed credit card slips, and other negotiable instruments.