Thank you for participating in our Account Reconciliation Survey. Your feedback is invaluable as we strive to enhance and optimize our reconciliation processes. All responses will be kept confidential, and your input will contribute to the continuous improvement of our financial operations.
Are bank statements reconciled with internal records on a monthly basis?
Yes
No
If no, please specify the reason for any missed reconciliations:
Are all outstanding checks and deposits properly accounted for?
Yes
No
If no, please provide details of any outstanding items:
Are accounts receivable balances reconciled to customer statements?
Yes
No
Are accounts payable balances reconciled to vendor statements?
Yes
No
If discrepancies are identified, how are they investigated and resolved?
Are revenue and expense accounts reconciled with supporting documentation?
Yes
No
Are accruals and prepaid expenses reconciled with supporting schedules?
Yes
No
If discrepancies are identified, please describe the process for resolving them:
Is physical inventory counted regularly?
Yes
No
Are discrepancies between physical counts and recorded inventory investigated?
Yes
No
How are adjustments made for inventory discrepancies?
Is the asset register reconciled with physical asset inspections?
Yes
No
Are depreciation and amortization expenses reconciled with depreciation schedules?
Yes
No
If discrepancies are identified, how are adjustments made for accurate reporting?
Are all reconciliation procedures documented and retained for audit purposes?
Yes
No
How are reconciliation findings documented and communicated to relevant stakeholders?
Based on your experience with the reconciliation process, do you have any recommendations for process improvements or enhancements?
I would like to express my profound gratitude to you for participating once again. Your feedback plays an indispensable role in assisting us to uphold the integrity of our financial processes. It is indeed critical in providing insight into areas we need to improve and maintain to ensure efficient and effective financial operations.
Sincerely,
[Your Name]
[Your Job Title]
[Your Email]
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