Internal Control Questionnaires and Verification Procedures

Signature Books

1. Are customer signature books updated with regard to those with whom regular business is transacted?

2. Does the bank check signatures on incoming confirmations for authenticity? (Many banks do not check signatures on incoming confirmations.)

3. Does the bank check signatures for deals with non-bank customers?

4. Are banks that do not sign confirmations asked to confirm such practice in writing over an authorized signature?

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