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WAC 388-101D-0255

Reconciling and verifying client accounts.

(1) For any client funds managed by the service provider, the service provider must:
(a) Reconcile the client's bank accounts to the client's bank statements each month;
(b) Reconcile the client's cash account each month; and
(c) Verify the accuracy of the reconciliation.
(2) The service provider must not allow the same staff person to do both the verification and reconciliation of the client's account.
(3) The service provider must ensure that the verification or reconciliation is done by a staff person who did not:
(a) Make financial transactions on the client's behalf; or
(b) Assist the client with financial transactions.
[WSR 16-14-058, recodified as § 388-101D-0255, filed 6/30/16, effective 8/1/16. Statutory Authority: Chapter 71A.12 RCW. WSR 08-02-022, § 388-101-3550, filed 12/21/07, effective 2/1/08.]
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