Below is a flowchart detailing an organization ' s bank reconciliation process.

IIA IIA-CIA-Part2 Question Answer

Below is a flowchart detailing an organization ' s bank reconciliation process. Which of the following conclusions can be drawn from the flowchart?

There is a conflict in the segregation of duties between preparing bank reconciliations and posting payments to the accounting books.

There is an appropriate segregation of duties in the treasury department during the bank reconciliation process.

There is a large workload for the treasury accountant during the bank reconciliation process.

Bank statements should be obtained at a higher level, such as through the treasury supervisor.

IIA-CIA-Part2 PDF/Engine

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