3 ms·
Unfortunately, it actually takes _months_ to send bank confirmations and receive all the replies. Mad, I know but that’s the way it worked when I used to do it.
by rojeee 6y ago
Unfortunately, it actually takes _months_ to send bank confirmations and receive all the replies. Mad, I know but that’s the way it worked when I used to do it. The process involves sending snail mail to the banks who take ages to respond with the confirm response. Especially so because all auditors are sending them at the same time because it’s year end.
There are some web platforms to help speed things up but most were and maybe still are rubbish.
- luckylion 6y agoBut it's not months of work, it's months of doing other things and going through the checklist every few weeks to see what's missing and then calling them again or writing another letter.