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Check 21 update: How does it affect you?
Author(s) -
Goldberg Stephen R.,
Godwin Joseph H.,
Danko Dori
Publication year - 2006
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.20228
Subject(s) - clearing , affect (linguistics) , check in , accounting , computer science , business , psychology , engineering , finance , communication , aerospace engineering
As readers may know, the Check Clearing for the 21st Century Act (Check 21) enabled electronic processing of checks. How do things look today, about two years after Check 21 went into effect? The authors briefly review the provisions of Check 21 and discuss the potential for fraud— along with the current implications for both banks and companies. © 2006 Wiley Periodicals, Inc.