A company has a policy of having bank reconciliations prepared every month by an employee who has no other duties with respect to cash. This is an example of which type of general accounting control?

Question

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The policy of having bank reconciliations prepared every month by an employee who has no other duties with respect to cash is an example of regular independent reviews, which is a type of general accounting control. This helps to ensure that any errors or discrepancies in cash handling and recording are detected and addressed in a timely manner.

A Company Has a Policy of Having Bank Reconciliations Prepared