Quality Assurance requirements for balance sheet acct recons 2031



  • We are researching account recon system software and two of the vendors made reference to their systems’ ability to satisfy the Quality Assurance requirements for balance sheet account reconciliations.
    Can anyone summarize what is required?



  • There are no such requirements as part of SOX rules. That being said, companies want to ensure that account reconciliations are being properly prepared and receiving proper reviews by supervisors of the preparers.



  • Thanks for your help. I researched and did not find anything but wanted to make sure I did not over look something.


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