Accounting Factoids™ are helpful bits of accounting information to lead you in the right direction.


Today’s topic: Internal Controls

Internal Controls

Internal controls over bank reconciliations are a very critical component of your design of internal controls.

A prepared bank reconciliation should always be reviewed by someone independent of the preparer.

Sometimes small errors in a bank reconciliation can indicate much larger errors in the bank G/L account.


To learn more or for assistance with your accounting or auditing needs, please contact Scott Salberg, at 561-995-8270 ext. 301 or email us at  You can also access our website at