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Positive pay file submission
June 6, 2022
Q. Our positive pay file transmission is currently split between finance and the IT department. IT runs the file and sends to finance for review/approval. We currently believe we have adequate controls around this process.
Our IT staff would like us to take over the full transmission -- from creating the file to reviewing/approving it. Could that be perceived as a segregation of duties issue?
A.
(Answered by the IOFM Advisory Panel. We provide a cross section for consideration of different…
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