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The Audit Connection Blog

Results for: deposits

Is it time to review your deposit practices?

November 4, 2021

When was the last time you reviewed and updated your deposit process? Deposits become so routine that it is easy to forget that your internal controls might need adjusting as your financial activity changes over time. On top of that, there are new options and technology for deposits that can help you strengthen your security measures. SAO offers a few tips and resources to help get you started.


Ensure your bank deposit slips are detailed

August 6, 2018

We have learned that not all banking institutions are providing a detailed breakout of cash and checks on bank validated deposit slips. If your banking records do not contain the detailed cash/check composition of your deposit, you will want to take corrective action as soon as possible.