Name three risks surrounding petty cash?

PETTY CASH IS PETTY CASH

1) DO NOT USE IN ANY PERSONAL USE OR ANY UN AUTHORISED EXPENCE EVEN IN COMPANY EXPENCES.

2) AVOID MISTAKES OF GIVING WRONG CHANGE IN ORDER FOR YOU TO MAINTAIN COMPLAIT PETTY CASH

3) BE AWARE OF FAKE CASH FROM CUSTOMERS

4)BE AWARE OF THEFT WHO MAKE YOU LOST ALL YOUR CASH INSIDE DRAWERS

5) LACK OF CONCENTRATION MAKES YOU EXCESS CASH OR SHORTAGE....

6)AVOID TRUST ANYONE TO HANDLE YOUR PETTY CASH WITHOUT YOUR PROPER CHECKING BEFORE YOU TAKE OVER

1.Unauthorised use of money for personal expense.

2.Infalted expense bills

3. theft

4.improper accounting[leading to shortage or excess cash]

theft,

unauthorized use,

Collusion between employees

misappropriation of cash by responsible staff

Overriding of controls over petty cash by mangement