The No. 1 Mistake That Business Owners Make in Fraud Prevention
Insperity
JULY 8, 2014
The person paying the bills should never reconcile the bank statement. There are three tasks related to your finances that need to remain separate: Authorization – The person who approves the vendor bill or sends a customer invoice. Custody of related assets – The person who reconciles the bank statement or credits/edits the invoice.
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