E-commerce · Evidence
Bank statement consistency screening
Published · Reviewed by The Diligence Standard Team · Updated
Bank records can corroborate cash activity, but they must be complete, sequential and tied to the legal entity being acquired.
Records to reconcile
- Complete statement PDFs or direct exports
- Account ownership confirmation
- Monthly reconciliation schedules
Warning signal
Missing pages, inconsistent balances, altered formatting or unrelated entities appear.
Transaction impact
Cash support may be incomplete and undisclosed accounts or liabilities may exist.
Response
Obtain records from a controlled source and reconcile opening and closing balances across periods.