a.

Critical path of the process:

Our documentation of the flow of the process may be in narrative form or graphical form through the use of process mapping flowcharts. The form of documentation depends on the size and complexity of the
process.

See attached Process in Narrative flowchart form

(File name: Narrative No. 1 Processing of Letter Request/ Memorandum of Agreement)
Fund Transfer to Implementing Agencies

b. Identify Process-level Risks and Relevant Controls: Cash Custodianship

Impact
Accounts Control Design
Process Risks Statement affected Existing Controls Assessment Reason if inadequate
Risk to PAPs
(including
assertions)

PICOS may be assigned to CTS are being

the same teller the next signed by tellers as
banking day. evidence of
transfer of the
PICOS box before
the start of bank
day.

Cash being maintained by Branch Cashiers

the tellers may exceed the identifies the
maximum amount of Maximum Amount
accountability covered by the of Accountability of
Fidelity Bond. Tellers and cash
being maintained
by teller are also
limited to certain
amount.
 Impact
Accounts Control Design
Process Risks Statement affected Existing Controls Assessment Reason if inadequate
Risk to PAPs
(including
assertions)
Fidelity Bond of Accountable Branch Operation
Officers/Tellers may not be Officer monitors
updated or have already and updates the
expired. Accountable
Officers Fidelity
Bond.

c. Identify Process-level Risks and Relevant Controls: Deposit Pick-Up/Cash Delivery

Impact
Accounts Control Design
Process Risks Statement affected Existing Controls Assessment Reason if inadequate
Risk to PAPs
(including
assertions)

Terms and guidelines in the
MOA may not be followed
by client.
Cost that maybe incurred in MOA between
deposit pick-up may exceed client and the bank
the generated income from
the service provided.
Cash/check being pick-up
maybe be less as compared
to the minimum amount as
stipulated in the MOA.
 Impact
Accounts Control Design
Process Risks Statement affected Existing Controls Assessment Reason if inadequate
Risk to PAPs
(including
assertions)

Deposit Pick-up and Cash Armoured car with

Delivery may encounter Securities.
criminal elated incidents.
Employees are
bonded/insured.

d. Identify Process-level Risks and Relevant Controls: Administrative Matters

Impact
Accounts Control Design
Process Risks Statement affected Existing Controls Assessment Reason if inadequate
Risk to PAPs
(including
assertions)

Renewal dates of Insurance Insurance Card

records of all insurable bank being maintained
assets/properties may not be
monitored.
Insurance billings may not be
updated with RIM/GSIS
 Impact
Accounts Control Design
Process Risks Statement affected Existing Controls Assessment Reason if inadequate
Risk to PAPs
(including
assertions)

The bank may fail to identify Collection Advice

if billing from service to Employees
providers are official in concerned
nature.
DV may be prepared and
paid to service provider
without segregating if bill are
official in nature.

e. Identify Process-level Risks and Relevant Controls: Cash and Check Transactions

Impact
Accounts Control Design
Process Risks Statement affected Existing Controls Assessment Reason if inadequate
Risk to PAPs
(including
assertions)

Tellers may not be able to Trainings provided

establish the true identity of by the bank.
the client.
Tellers may not detect fake
bills/checks for
deposit/encashment.
 Impact
Accounts Control Design
Process Risks Statement affected Existing Controls Assessment Reason if inadequate
Risk to PAPs
(including
assertions)

Teller/Branch Cashier may AMLA Rules and

fail to consider AMLA regulation.
requirements in their
transaction.

Tellers may fail to log off from

the CASA Terminal During
break Periods.

Tellers may fail to transfers

cash in excess of
authorized level (covered by
Fidelity Bond)