The Executive Director should ensure bank statements are reconciled monthly to the general ledger by an employee who has no access to cash, is not a regular check signer, and has no cash bookkeeping duties; in addition, a single employee should not have…

The Executive Director should ensure bank statements are reconciled monthly to the general ledger by an employee who has no access to cash, is not a regular check signer, and has no cash bookkeeping duties; in addition, a single employee should not have the authority to initiate electronic transactions and perform bookkeeping duties.