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Chief
A monkey could do an account reconciliation but it does take initiative to follow-up and clear reconciling items and to know if the transactions that did hit the account or if any are missing.
But you would have to pay the monkey overtime, assuming the monkey isn't CPA Eligible, and the firms don't want to that.
If the key report test is purely accept/reject sure, actually having the technical competency to figure it out in an erp, not even in the same league let alone sport as account recs.
Rising Star
My clients act like performing a bank rec is rocket surgery...
Chief
Years ago I called a client before fieldwork to make sure they were going to be ready for us. Client said yes. I said bank recs are done? She said “pretty much. I just have to do the reconciling items”. I was like aren’t the reconciling items the essence of the bank rec?
Seems like a reasonable opinion to me. Wouldn’t have thought that would be unpopular.