The following tests are relevant where the accounts are interest-bearing deposits from customers.
Analyses
Stratify balances by size
Group accounts by product type
Age investment portfolio to analyze interest rate re-pricing risk
Stratify portfolio by size
Summarize portfolio by type, issuer, interest rate, maturity, etc.
Create charts of investment portfolio information
Calculations
Cast (or total) accrued interest
Prove interest capitalization, charges
Re-perform individual interest calculation
Exception Tests
Extract unusual interest rates or amounts
Identify/summarize dormant accounts and identify transactions thereon
Identify negative balances
Identify accounts with suppressed statements
Identify any records that are not complete or up-to-date
Test for money laundering
*Many of the previous tests are applicable to current or checking accounts. There are also a number of tests that can be carried out when searching for money laundering.
Other Tests Applicable in Certain Cases
Identify forward-dated transactions
Provide totals of forward-dated transactions
Identify overdue maturities
Identify customers over their overdraft limit or customers with expired limits
Identify dormant accounts and transactions thereon
Oct 17 When it comes to fraud, an ounce of prevention is worth a pound of cure. The full impact of fraud can be devastating, well beyond the financial loss. It has th...
May 09 A picture is worth a thousand…you know the rest. Images, our shared visual language, can convey information across cultural and national boundaries i...
Nov 13 Expense Reports and Travel and Entertainment expenses are both common areas for fraud and challenging to find. These frauds are complex and contain a mix of pre...
BROWSER NOT SUPPORTED
This website has been designed for modern browsers. Please update. Update my browser now
