7/26/2019 Internal Control in Certain Selected Areasgeneral
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INTERNAL CONTROL IN CERTAIN SELECTED AREASGeneral
The staf and o cer o a bank should l i t orm oneposition
toanother requently and without prior notice.
The work o one person should always be checked byanother person
in the normal course o business.A l l a r i t h m e t i c a l a c c
u r a c y o t h e b o o k s h o ul d b e p r o v e d independently
every day.All bank orm (e.g. books demand drat book
!travellers"chequeetc . # should be kept in the possess ion o a
n o c e r a n d an o th e r re s p on s i bl e o c e r sh o u
ldoc ca si on al ly ve r i y th e st oc k o su ch stationary.
The mail should be opened by responsible ocers. $ignature
onallthe letters and advice received rom other branches othe bank
or itscorrespondence should be checked by anocer with signature
book.
The signature book o the telegraphic codebook
should be keptwith responsible ocers used and seenby authori%ed
ocers only.
T h e b a nk sho u l d t a ke o u t i n su r an ce p o l i c i e
s ag a ins t l o s s and employees in&delity.
The power o ocers o diferent grade should be
clearlyde&ned.
