Managing Money Transfer, or Paying Less on Paying Out
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Abstract
It is argued that auditors should have a clear view of the opportunities that exist for automated transfer, and of the controls against fraud and error that are built in. The role of BACS, the UK banks′ automated clearing service, is compared with some of the other computerised operations in UK banking. Types of settlements management auditors should be advising their clients to make via the BACS service are also described.
Keywords
Citation
Rollason, R. (1989), "Managing Money Transfer, or Paying Less on Paying Out", Managerial Auditing Journal, Vol. 4 No. 1. https://doi.org/10.1108/EUM0000000001741
Publisher
:MCB UP Ltd
Copyright © 1989, MCB UP Limited