Wire Transfer and Investment Audit Work Program

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This work program provides key steps for reviewing a company's electronic funds transfer process, which allows customers to send funds to or from another financial institution.

Project work steps include: determine that policies, practices, procedures and internal controls regarding funds transfers are adequate; ensure that employees involved in funds transfers are operating in compliance with established guidelines; determine that adequate security is maintained over wire transfer operations and system administration; ensure that fund transfers are properly authorized and accurately completed; ensure that proper systems maintenance occurs; etc.

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