Is actually bank reconciliation prepared by an account executive viewed as a control within the financial preparation approach?
The response to this query is quite ambiguous. As you will discover threat that Account Executive set aside one particular balancing figure, so as to tally the complete reconciling items. Therefore, preparing of bank reconciliation itself will not type aspect with the control. On the other hand, if you will discover a superior assessment the bank reconciliation prepared, the above-mentioned threats is often mitigated.
Therefore, examining bank reconciliation is viewed as a control.