Posted: May 17th, 2017

What are some internal controls related to cash? Why is control over cash important? What are the pros and cons of segregation of duties over cash?

What are some internal controls related to cash? Why is control over cash important? What are the pros and cons of segregation of duties over cash? Why is a bank reconciliation considered an internal control over cash? How does it provide control? What control violations might the bank reconciliation highlight?