Periodic bank reconciliations should be performed by the individual who makes the client's bank deposits.

Name: Periodic bank reconciliations should be performed by the individual who makes the client's bank deposits.
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Question

Quizplus · Accepted Answer

Periodic bank reconciliations should be performed by someone other than the individual who makes the client's bank deposits, as it provides an independent check on their activities and reduces the risk of errors or fraud going undetected.

Periodic Bank Reconciliations Should Be Performed by the Individual Who