Individuals with access authority to general ledger accounts should not prepare journal vouchers.

Question

Quizplus · Accepted Answer

It is a best practice to separate the duties of individuals who have access to general ledger accounts and those who prepare journal vouchers, as it reduces the risk of fraudulent activity or errors. This separation of duties ensures a system of checks and balances, promoting accuracy and integrity in financial reporting.

Individuals with Access Authority to General Ledger Accounts Should Not