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What are the risks related to the OC016 rule related to Bank Reconciliation vs Approve AR Adjustments?

Because of the ability to code credit memos to any GL account, this risk is similar to the entry of cash receipts in that is allows a user to write off a balance of a customer's invoice. Because the approval of CM's in AR is difficult to do and is generally a detective control rather than a preventive control - this risk is separated from the entry of CM's.  In most cases, bank reconciliations, although supported by functionality in Oracle are really being compiled outside the system.