▲ 3 r/CPA
Is Signing Checks Authorization or Custody?
I am a little bit confused when doing some segregation of duties problems. I understand the ARC nemonic and when two of them are present, it violates segregation of duties.
I am confused because I have seen some information say signing checks is authorization but other sources say its custody so I am not sure which it is.
Its also difficult for me to understand when certain responsibilities or tasks relate to authorization, recording, or custody.
I would appreciate any help.
u/Due-Temperature-6376 — 1 day ago