Final answer:
The AP department does reconcile the AP subsidiary ledger to the control account to ensure the accuracy of financial records and that the financial statements are correct.
Step-by-step explanation:
The statement is True. The Accounts Payable (AP) department is responsible for ensuring the accuracy and integrity of the company's financial records, which includes reconciling the AP subsidiary ledger to the control account. This process involves verifying that the total amount in the subsidiary ledger equals the balance in the AP control account, which is reported in the general ledger. This reconciliation helps to ensure that all outstanding payables are recorded correctly and that the financial statements are accurate.