SkyView, Inc., a small startup company, has hired you as a consultant to assess its financial systems and related processes. During your review, you learn that the company's accountant is responsible for providing general ledger access to others in the company, processing all financial transactions in the general ledger, and printing checks. The president of the company must authorize write-offs in the system, but the accountant has access to the president's username and password.

Prepare a memo to SkyView's president assessing these responsibilities in the context of segregation of duties. Also address the possibility of the accountant committing fraud.