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
Feb 15 The functionality in Report Reader remained unchanged between IDEA versions 9 and 10. However, many of the icons in the toolbar have a new look. Use...
Nov 26 The average person spends more than 90,000 hours of their lifetime at work. Where we spend that 1/3 of our lives matters. Company culture is important to employ...
Jun 07 IDEA Smart Analyzer Financial Simplifies Tests as Recommended in Center for Audit Quality Practice Aid for Testing Journal Entries
The Center for Audi...
BROWSER NOT SUPPORTED
This website has been designed for modern browsers. Please update. Update my browser now
