Accounting Controls is the ability to ensure the
accuracy of financial statements through the control of information
entered into the accounting system.
All information entered in the accounting records
must reconcile information in the system with the accounting
records.
The major transaction controls are:
Appraisal orders invoices and customers
billing
Loan Closing and Disbursement Accounting
Loan Commission and Employee payment
Accounting
Loan Funding and Sale Accounting