Whoever writes and signs the checks should always reconcile the bank account.

Name: Whoever writes and signs the checks should always reconcile the bank account.
Brand: Quizplus
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Question

Whoever writes and signs the checks should always reconcile the bank account. ​

Quizplus · Accepted Answer

Separating the duties of writing and signing checks from reconciling the bank account is a key internal control to prevent fraud and errors, ensuring that no single individual has control over all aspects of financial transactions.

Whoever Writes and Signs the Checks Should Always Reconcile the Bank