Who, in your opinion, should review the process of account reconciliation?

CFO

I am sure we all must agree about the one who will do these Job is The Only Authorized man who will responsible for making all the financial statements what ever the title he / she got named by the company as long he / she is the only responsible in front of the Top Management Or the Board of director as well to Verify any value written in any statement from the financial statement or any report needed to the Top management or the board of director .

That depends on the type of account reconciliation, you are asking about, customer account(sales) or internal company accounts.
If customer accounts are being discussed then the sales channel should also be reviewed, if industrial sales is involved I believe the sales individual should review his account at stage one and overall review be done also at the headquarter level by a seasoned sales person, oly then can fraud be discovered(if that's the motive) this also applies to the retail sales channels.
For company reconciliation I believe external auditors are the best and they would almost always discover irregularities in the accounts

Finance/Accounts Department

As the bank reconciliations include the number od cheques issued to the suppliers etc. therefore it is the responsibility of  the treasury department,  This will enable them to review how many cheques issued but still not present at the bank, What is the balance according to our ledger. If the bank at the end of the month add profit to the account, than only treasury department can verify it according to the bank rates, also the charges can be verified in the similar way according to the agreed charges.

keeping cash inflow and out flow record is the responsibility of the account/ Accounts dept.
of the company.
and they have to reconside that balance with bank.
because they have all the records of cash inflow/outflow they can do it easily and better way.
So, accountant/ accounts dept.
should do this job of reconsiliation.

The Bank Account Reconciliatin is the part of Treasury section of Accounts & Finance Dept., thus, it should should be finally reviewed & approved by the Treasury Manager.
From : Javed Rawoot