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    Accounts payable and accounts receivable

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    What are the implications of having the same person performing accounts payable and accounts receivable functions?

    © BrainMass Inc. brainmass.com June 3, 2020, 6:45 pm ad1c9bdddf
    https://brainmass.com/business/auditing/accounts-payable-and-accounts-receivable-73943

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    One of the most important internal accounting controls, especially with regard to cash handling operations, is that of separation of duties. Stated more simply this means separating the performance of one activity ...

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