The tools have changed, but job of the Preparer and Approver has not changed with the implementation of Workday Account Certification.
Preparer:
The person responsible for the detailed reconciliation, including maintenance of source documents to verify all transactions are legitimate.
- Responsible for reviewing each transaction to ensure its accuracy
- Ensure that sufficient source documentation is available, if has not already been done as part of the transactional process
- Questions about the appropriateness of transactions should be brought to the attention of the Approver for clarification and/or correction
- Responsible for following up on any transactions that remain outstanding for more than one accounting period
- Resolve accounting errors (or ensure they get resolved)
Approver:
The person who has fiduciary responsibility and the appropriate knowledge and authority to authorize reconciliations.
- responsible for verifying the legitimacy, appropriateness and necessity of transactions recorded against their FDM worktag(s)