For proper segregation of duties in cash disbursements, the person who signs checks also:
A)Reviews the monthly bank reconciliation
B)Returns the checks to accounts payable
C)Is denied access to the supporting documents
D)Is responsible for mailing the checks

Question

Quizplus · Accepted Answer

The person who signs checks should not have access or control over the supporting documents or mailing of checks as it creates opportunities for fraud. Instead, they should only sign the checks and return them to the accounts payable department who will handle the rest of the process, including mailing the checks. The monthly bank reconciliation should be reviewed by a different person as part of the segregation of duties.

For Proper Segregation of Duties in Cash Disbursements, the Person