Take A Break
I recently returned from a two week trip to New Orleans, for rest & relaxation. And it reconfirmed for me my suspicions that sometimes the best thing I can do, from a process & procedure standpoint, is to leave for a while. Banks usually have a mandatory absence policy as part of their internal controls. The United States’ Federal Deposit Insurance Corporation (FDIC) encourages all financial institutions to require employees to take no less than two weeks of vacation every year: During this time, their duties and responsibilities should be assumed by other employees. This basic control has proven to be an effective internal safeguard in preventing fraud. In addition, such a policy is viewed as a benefit to the …