electronic bank confirmations
Do you know if your department is maximizing efficiencies by completing all confirmation requests electronically. Through the creation of false confirmation contact details signature forgery and clients intercepting the confirmation process that are difficult for even the most experienced auditors to detect. Standard Bank Confirmation Application Form For Rabobank These information are not available in bank statement. . The use of electronic bank confirmations could also deter financial fraud arising from compromised manual confirmation processes eg. Submit your request and well take it from there. Errors requiring reconfirmation were less than two percent of all electronic confirmations. BofA will only respond to confirmation requests submitted electronically via a designated third-party service provider. It is common for banks that use an electronic confirmation process to perform periodic in-depth security reviews of th...