Segregation of duties and the vendor master file

May 5, 2021
May 5, 2021


Q. We are in the process of redefining roles within our company. Should the same employee who creates new vendors in our financial system also be responsible for issuing 1099s? A. (Addressed by Debra Richardson, a third-party Vendor Master File Advisor ( Debra's independent advisory services firm offers experienced and practical help to financial operations professionals on vendor master file issues.) At a high level, Segregation of Duties if defined as…

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