| How Banks Respond per Form Type

  How Banks Respond per Form Type

Published:  04/21/2017

Depending on how information can be extracted from the bank systems, a form can be set up in 2 ways:

  • Individual account basis - The bank can only extract form details on an individual account basis. Auditors will therefore need to set up each account number as a separate form of the form type.
  • Entity wide basis - The bank can extract form details on an entity wide basis. Auditors can therefore send a single form of the form type using a main account number. As information is supplied on an entity wide basis all other account numbers do NOT need to be supplied.

The below one page user manual depicts which financial institutions will respond to the different forms on an account by account or entity wide basis. A full list of the forms accepted by the different financial institutions is also reflected on the guide.

  Download Manual
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