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- General ledger account balances must be supported by detailed records;
- Transactions recorded in the general ledger must be accurate and complete;
- Financial data must be recorded and reported accurately, completely, and in a timely manner;
- Financial information must be reliable for decision-making purposes;
- Processes must support an efficient and effective audit;
- All bank accounts must be maintained and reconciled under the supervision of the Associate Vice President for Finance and Controller.
Responsibility:
- All individuals involved in establishing or modifying bank accounts are responsible for complying with this policy and ensuring proper authorization and documentation.
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