ATM balancing and settlement

Control Design Assessment (CDA)

Procedures evaluating whether the control is designed adequately.

1. 1.Obtain and read the ATM balancing procedure; confirm it defines the daily balancing cutoff and the investigation threshold for variances.
2. 2.Confirm balancing is performed independently of ATM cash-loading staff.

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 ATM positions were balanced and settled daily.
2. 2.For days with variances, confirm they were investigated within the defined threshold.
3. 3.Confirm unresolved variances were escalated rather than carried forward indefinitely.

Linked risks

• ATM availability degradationmitigation 3

Framework mappings & latest test