Financial Activity Report (FAR)

This report is an audit of all activity within the Engagement.

Report Details

Financial Activity Reports will generate as a PDF file named as follows:
  • FAR_[Engagement Name]_[Date and Time Report Generated]

The sections (which can be optional included or not at run time) for the report are:

  • 1. Accounts
    • Listing of each account showing the first statement start date and last statement end date
    • Clicking on a Account row will take you to that account in the Statements: Summary section.
  • 2. Account Activity Summary
    • Listing of each account showing the total inflows and outflows (dollar value and transaction quantity) and the number of statements for each account.
    • Clicking on a Account row will take you to that account in the Statements: Summary section.
  • 3. Statements: Summary
    • For each account a listing of the statements showing beginning and ending statement balance, total inflows and outflows for each statement (dollar value and transaction quantity) and each of the data checkers:
      • Date Gap - is the current statement start date one day after the previous statement end date
      • Sum - does the statement balance (beg balance plus inflows less outflows equals End balance)
      • PrevEB=BB - does the previous statement end balance equal to the current statements beginning balance
    • Clicking on a Statements: Summary line will take you to that statement in the Statements: Detail section.
  • 4. Statements: Detail
    • For each account a listing of the transactions for each statement.
  • 5. Transfers
    • A listing of all transfers, grouped by the account the transfer came from.
  • 6. Date Gaps
    • A listing of all the date gaps - gaps where there is no statement for an account. Shows the gap start, gap date and how many days the gap is for.
  • 7. Files
    • A listing of all the source files for the data - statements and checks.

All sections generate by default with the report, but when you are creating the report initially you have the option to turn a section off.

Clicking the Valid8 logo on the top right of any page will take you back to the Contents Page (Page 3) of the report.