Why is the monthly reconciliation of bank accounts by an independent person an important internal control over

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Why is the monthly reconciliation of bank accounts by an independent person an important internal control over cash balances? Which individuals will generally not be considered independent for this responsibility?

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Auditing and Assurance services an integrated approach

ISBN: 978-0132575959

14th Edition

Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley

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Question Posted: Oct 10, 2012 08:03 AM

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Why is the monthly reconciliation of bank accounts by an independent person an important internal control over

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Auditing and Assurance services an integrated approach

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