Risk and Suggested Mitigation

Suresh Prasad (www.aubsp.com) (15630 Points)

14 November 2010  

Risk

Actual food expenses may be claimed or accounted by accountant at inflated figures.

Suggested Mitigation

If printed cash memo or rubber stamped slip is not available for such expenses, then the plain paper slips should show the place (location, village) and shop’s name by hand or the shop owner’s name. The shop owner himself/ herself should be asked to prepare and sign these. If the shop owner cannot write then the slip can be prepared by the customer, but must still be signed (or thumb impression marked) by the shopkeeper.