Internal Control Questionnaires and Verification Procedures

Other Nonledger Control Items

1. If the bank maintains any other items in nonledger, or memorandum accounts, perform the following verification procedures considered appropriate:

   1. Review nonledger accounts to determine the maximum elapsed time for closing out entries or clearing items. Compare to the department’s stated policies, practices, or procedures.

   2. Determine the status and reasonableness of old memorandum account items.

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