Today, my focus is on conducting the second test, which aims to verify the accuracy of transactions and ensure that they are in accordance with the policies. To carry out this test, I require the policies as well as data on the money transfers between the company and other banks. Before starting, I must comprehend the various natures of the transfer, including different currencies like USD, Thai Baht, and Cambodia riel, and different modes like online banking, application, and counter, each with its own account code involved. My test involves selecting samples from all modes and verifying their accuracy.
The policies clearly state the commission percentages that the company and its agents are entitled to receive based on the specific threshold of the amount transferred. My test involves recalculating the commission recorded and cross-checking it with the policies.
I dedicated my entire day to conducting this test and documenting my findings.
Main things that have learnt:
To perform an accuracy test to check on the accuracy of the transaction by comparing it with a policy that stated the commission parties are entitled to receive.
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