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.