Internal Control Questionnaires and Verification Procedures

Loan Interest

1. Is the preparation and posting of interest records performed or reviewed by persons who do not also:

   1. Issue official checks or drafts singly?

   2. Handle cash?

2. Are any independent interest computations made and compared or adequately tested to initial interest record by persons who do not also:

   1. Issue official checks or drafts singly?

   2. Handle cash?

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