Question: reword Internal Audit It would be best practice for the trust accounts to be regularly internally audited (e.g. bank reconciliation/trial balance done daily and checked
reword Internal Audit It would be best practice for the trust accounts to be regularly internally audited (e.g. bank reconciliation/trial balance done daily and checked by the Licensee) to ensure all monies are fully accounted for. Internal Audits are completed by Agency staff and are not required to be submitted for assessment but are required to be kept on file. Reconciliation statements are required by law to be completed monthly - as outlined above
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