How often should you review the statement approval history?

Reviewing the statement approval history regularly is important for several reasons. This practice helps ensure timely approvals, which is essential for maintaining good financial management and operational efficiency. Regular reviews allow you to stay updated on any changes in transactions, identify potential issues early, and ensure that all approvals are made within the required time frames. Being proactive in this regard helps mitigate the risk of errors and enhances accountability in the approval process. It ultimately contributes to better oversight and compliance with relevant financial policies and regulations, enabling you to respond promptly to any discrepancies or irregularities that may arise.