Settlement account

The analytical procedure of Settlement account intended for analysis and cross reconciliation received/sent payments on Client-Bank system in a continuous way, and the relevant data recorded in the accounting program.

Audit Documentation software (analysis) is used for a continuous analysis. This program is registered by the employee of our company in the National center of intellectual property of the Republic of Belarus. In accordance with the contract is intellectual property of the auditing company AuditComService LLC.

Procedure purpose:

• identification of possible differences in cross reconciliation of the accounting data (for account 51) and a settlement account activity in the Client-Bank system.

Checked prerequisites of the procedure:

• by the risk of fraud - origination (operations really exist);
• by the risk of fraud - completeness (operations are reflected in full).

Stages of procedure:

• reconciliation of primary accounting data and Client-Bank system;
• reconciliation of accounting data with the data of Client-Bank system;
• reconciliation Client-Bank system data with accounting data;
• analysis of calculated values by cross-checks.

• Download the example of results of the reconciliation procedure of the accounting data and settlement accounts (Client-Bank) in pdf format.

The results of the conducted audit procedures are drown in a detailed description of analysis procedures, the list of deviations according to the accounting data and Client-Bank system with the recommendations on their recovery, as well as the conclusions of the auditors by the results of the analysis.