Control Intelligence

Payments & Treasury Release

Positive pay, ACH/wire approvals, bank signatory controls, and cash release.

Sub-Process Score
74/ 100
Adequate
9/10 responses received
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Control Objectives (1)

P2P-PAY-01
COSO P10COSO P11ICFR.P2P.PAY.01IIA IV.9.2
Outgoing wires and ACH batches require dual approval.
Risk: Fraudulent or erroneous disbursements.
Assessment Questions (3)
  • 01Dual approval is enforced by the bank portal for wires above a documented threshold.Document
  • 02Payment initiator cannot also approve.
  • 03Bank account signatory lists are reviewed at least annually.