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Should a payment request form require two signatures?
August 26, 2021
Q. Should an invoice payment request form be required to have two signatures?
Our practice has been to require two signatures on our Payment Request form, one by the Submitter and a second by the Approver that has the appropriate delegation of authority signing level. For process flow efficiencies, I am considering removing the requirement of two signatures and just the one with the signing authorization. In doing so, am I losing some internal controls.
What are other companies doing as we are…
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