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Bank Account Modifications Request Form
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As required, modifications to bank accounts (opening/closing/changing authority) are documented according to the Bank Account Modifications Request Form and are reviewed/approved according to the Grant of Signing Authority.
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Audit Evidence - Transaction Authorization Access
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On an ongoing basis, access to edit/maintain stock transactions is restricted to authorized users. Individuals authorizing transactions do not have the ability to initiate, input, issue payment, record transactions or make related adjustments.
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Investment Transaction Review Form
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On an ongoing basis, investment transactions at, before, or after the end of an accounting period are scrutinized and/or reconciled to ensure complete and consistent recording in the appropriate accounting period. Evidence of the review is documented and approved via the Investment Transaction Review Form.
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Investment Policy Example
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On an ongoing basis, corporate headquarters creates and monitors investment policies and procedures to ensure consistent application of the investment policy and communicates changes to appropriate personnel in each applicable business unit. Investment policy overrides require Board authorization and are documented for subsequent independent review and monitoring. Any approved overrides are included in the month-end close documents submitted to Corporate headquarters.
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Comprehensive Income Review
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Quarterly, an analysis of other comprehensive income and/or cumulative translation adjustment is performed according to FASB 130 & SFAS 52. The analysis is reviewed/approved by appropriate levels of management. The review is included in the month-end close documents stored in the month-end close binder.
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