Sarah works in the accounts receivable department of XYZ Corporation. While reconciling customer payments received with invoices issued, she notices discrepancies where certain payments cannot be matched with corresponding invoices. Which control would be most likely to address this situation?

Question $7$ Answer

a$.$

Clear segregation of duties between billing and receipt of payments

b$.$

Regular reconciliation of accounts receivable with customer statements

c$.$

Implementing strong password policies for accessing financial systems

d$.$

Conducting periodic reviews of employee performance in the accounts receivable department