Learn More - Click Here!

Thread Options
#1612128 - 10/04/11 04:09 PM Live Test Accounts
pweiss Offline
100 Club
Joined: Mar 2011
Posts: 103
My training department wants to setup two test accounts but the vendor doesn't offer a "test account" and therefore we would have to use two live accounts. My finanace department will fund each account with $25 each.

Are there any audit exception considering the accounts will be live and the funds will be moved in and out of the account. Other then demonstrating that we actively monitor the account is there any other reasons why we would be criticized?

Phil Weiss, CAMS

My opinions are my own and not that of my employer.

Return to Top
Operations Compliance
#1612742 - 10/05/11 04:27 PM Re: Live Test Accounts pweiss
PStateBank Offline
Gold Star
Joined: Nov 2008
Posts: 498
What are you testing for?
Nothing ruins a Friday like realizing it is only Thursday

Return to Top

Moderator:  Andy_Z, John Burnett