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Investments

CaseWare IDEA Applications


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
  • Re-perform currency conversions
  • Provide details of currency exposure
  • Test for cut-off

Areas of Applications , CaseWare IDEA



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By Audimation Team


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