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#22827 - 07/05/02 09:16 PM Official Check Audit
Countess Kiwi Offline
Diamond Poster
Joined: Jun 2002
Posts: 1,815
Minnesota
I am looking for retention guidelines on official check reconciliations if we have the ability to re-create the reports and items included. I have reviewed different audit programs and none of them are consistent so I am looking for ideas.
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Do what you can, with what you have, where you are.
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Audit
#22828 - 07/10/02 02:26 PM Re: Official Check Audit
Anonymous
Unregistered

FMS (Financial Managers Society)publishes a Financial Institutions Record Retention Manual periodically. The latest version I have is the 3rd Edition. According to this manual Cashiers Checks, Drafts, Expense checks, money orders, and travelers checks should all be retained for 7 years. Note: Dividend Checks should be retained for 10 years. You should always refer to your state's banking code first to see if they have more stringent retention requirements. But this should be a good rule of thumb.

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#22829 - 07/16/02 02:17 PM Re: Official Check Audit
Lu Offline
Platinum Poster
Joined: Apr 2002
Posts: 597
I was wondering if you have an Official Check Audit Program and/or workpapers to share. I haven't performed this audit yet. My fax is 270-886-9437 or email at lfries@plantersbank-ky.com
Thanks
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"If you only laugh and enjoy life when your problems are all solved, you'll never enjoy life."

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#22830 - 07/22/02 04:18 PM Re: Official Check Audit
Anonymous
Unregistered

I would be interested in copies of any information you receive on Official Check Audit Program and/or workpapers to share.
Thanks

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