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What is the main conflict of interest with the same person doing Accounts Payable and Accounts Receivable?

Major Accounts Separately Managed Accounts Accounting
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Question added by MUHAMMED RESHEED , Finance Manager , Zad Holding Companies
Date Posted: 2015/03/22
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Mohsin Abbas
by Mohsin Abbas , Finance Manager , Saudi Power Transformers Company& CG Power Systems

Bank account CR incase of AP and DR incase of AR cannot be done by single person as segregation of duties should control this conflict

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