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.
Checklists & Questionnaires
Segregation of Duties Questionnaire
Policies & Procedures
Security and Access Policy and Procedures