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Auditing the treasury function

Presented by: Raj Gandhi

Effective auditing of treasury activity, risks and related controls.

Who should attend?

  • Internal auditors, group treasurers, treasury managers, controllers, or those on a board of directors
  • Those dealing with the review and control of treasury activities in financial institutions, commercial banks, corporate companies, public sector bodies and not-for-profit organisations.

What will I learn?

 Upon completion you’ll be able to:

  • effectively plan risk-based treasury audits that add value as well as provide assurance
  • gain a deeper understanding of key issues of control failure concerning strategy and operations
  • identify early warning signals of potential problems
  • understand how to effectively promote best practice and communicate lessons learned.

Course programme 

Overview of treasury fundamentals and the link to value

  • treasury remit for alignment with overall business strategy
  • design of treasury strategy and policies
  • risk implications of analysis and performance reporting
  • risk management activities with appropriate benchmarks.

Treasury organisation and structure

  • cost centre/value-added cost centre/profit centre
  • centralised/decentralised
  • advanced/intermediate/elementary
  • segregation of duties
  • front, middle and back office structures.

Treasury risks (includes risks in the dealing operation)

  • human
  • operational
  • market and credit risks
  • risk mapping.

Dealing with disasters and lessons to be learnt

  • Barings, Société Generale, UBS

Auditing treasury

  • treasury jargon
  • methodology
  • risk based assurance plans
  • terms of reference – quality of internal audit coverage
  • evaluating findings and assessing their significance
  • value adding audit report (style, structure, information, clarity, language).

Tackling audit challenges

  • staff interviews at all levels of management and operations
  • critical review of strategy, policy, objectives, procedures and guidelines
  • review of treasury organisation
  • warning signals and what to look for. 

Derivatives (overview and purpose)

  • Forwards, options, swaps
  • documentation (e.g. ISDAs). 

Treasury management systems

  • audit trail
  • capacity and capability
  • disaster recovery and business continuity.

CPE Competency areas covered

  • International professional practices framework
  • Business processes and project management.

14 CPE points



22 July 2024




Live virtual course
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Non member £775.00 ex. VAT
Member £580.00 ex. VAT

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