Daily payment reconciliation

Control Design Assessment (CDA)

Procedures evaluating whether the control is designed adequately.

1. 1.Obtain and read the reconciliation procedure; confirm it defines match criteria, tolerance thresholds, and the escalation path for aged breaks.
2. 2.Confirm the reconciliation compares the full payment run to settlement records rather than a sampled subset.

Control Operating Effectiveness (COE)

Procedures evaluating whether the control operated over the testing period.

1. 1.Select 25 business days across the period and confirm a reconciliation was performed and evidenced for each.
2. 2.For a sample of identified breaks, confirm they were investigated and cleared within the defined SLA.
3. 3.Confirm no sampled break remained open past the escalation threshold without documented follow-up.

Linked risks

• Payment processing errormitigation 3
• Cross-system reconciliation breaksmitigation 2

Framework mappings & latest test