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Administrative Memorandum No. 2001 October 1992 Revised July 2000 Financial Section Check Writing Policies for the CIL AccountsPurpose:To establish a procedure for disbursements of funds from the
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Check writing policies are put in place to establish guidelines and procedures for writing and issuing checks in a company.
All companies or organizations that write checks as a form of payment are required to have and file check writing policies.
Check writing policies can be filled out by detailing the procedures for check issuance, approval process, check signing authorities, and security measures.
The purpose of check writing policies is to ensure proper controls and security measures are in place to prevent fraud and errors in the check writing process.
Check writing policies should include information on check issuance procedures, approval processes, check signing authorities, and security measures.
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