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antonio mctier Accounting manager

How do I explain to my CEO that he should not sign his own expense reimbursement checks?

Asked on May 9, 2013

My CEO believes that it is ok for him to sign his own expense reimbursement checks. I am the accounting manager for this defense contractor and I presented the internal control speech but he needs to see some documentation supporting my point. What documentation can I give him? thanks all

Answers

Barrett Peterson Senior Manager, Actg Stnds & Analysis • November 13, 2011

For general considerations, consult the COSO framework details regarding separation of duties. For defense contractors investigater the const accounting and procedures rules applicable to cost assignment to Federal contracts, including the Federal Cost Accounting Standards Board requirements.

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