Internal Control Questionnaires and Verification Procedures

Other Liabilities Records

1. Does the bank maintain subsidiary records of items comprising other liabilities?

2. Is the preparation of entries and posting of subsidiary other liability records performed or tested by persons who do not also originate or control supporting data?

3. Do persons who do not also originate or control supporting data balance subsidiary records of other liabilities at least monthly to appropriate general ledger accounts?

4. Are the items included in suspense accounts aged and reviewed for propriety regularly by responsible personnel?

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