General
is an online excel document containing all validated bank contacts for the year
Central Bank List
What does AVT stand for?
Address Validation Task
True / False
We add the bank and its contact info the Manual tab of the monitoring sheet if they prefer to receive confirmation requests via Confirmation.com
False
Ctrl # Bank name - entity name
What is the correct naming convention for Creating the batch?
Engagement Name_Batch no.
What does RLTs stand for?
Request level tasks
List at least two types of documents that the ET provides to AC Manila ExCon team to proceed with the bank confirmations
Bank listing
PY responses
Each confirmation request will be allocated a ______ and each account in the requests will be separately identified.
Control number
Differentiate the 3 dates in the letter
year-end date, date of letter, required by date
*Ger/Iries to assess
Cash - *Confirm Bank Accounts ega, *Smaller Entity audit, *Cash and Cash Equivalents ega
Key step to take once the team senior sends the work allocation in the group chat
Check CRC for all members & DNPW
What is the purpose of the AVT?
*Ger / Iries to assess
List at least 3 individuals that should have access in the monitoring sheet aside from yourself
QC
ET
Buddy / backup
What are the three parts of a bank confirmation letter?
Cover
General
Treasury
What are details do we need to complete the correct Engagement number?
Client code, Job code, Job Office
List at least four information confirmed on the trigger email
- Charge code
- Year-end date
- Signing date
- Aura file & approver
- Budget hours
- Start date & delivery date
What is the note number used in the AVT file if the bank prefers to receive audit requests via email and post?
Note 1
Confirmations are listed in the monitoring sheet on what basis?
Per entity per bank
Confirmations are provided to ET via ____
and access is requested on this from ____ website
Aura
EMW
Which parts in the PC Tool do you need to log for review?
Finalize Details, Categorize Address, Verify Address
List 3 key information we need from the bank listing / PY responses
Bank name and contact info
Entity name
Account number
Year-end date
Client signer
If the bank is not found in the CBL and AVT Bank files, discuss the next steps that the analyst should perform in the AVT file and steps to validate bank's contact info
*Ger / Iries to assess