Auditing the treasury function

Presented By
Raj Gandhi Raj is a fellow of the ACCA, the ACT and the FHEA. He is also a member of the IoD. Raj offers coaching, mentoring and consultancy services, alongside delivering executive leadership programmes to some 200 directors each year, empowering individuals to tackle modern-day business challenges.

Auditing fundamentals to effectively review treasury activity and risks.


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 the 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
  • robustness of service objectives
  • risk management activities with appropriate benchmarks
  • appropriateness of current treasury services to stated needs.

Treasury organisation and structure

  • advisory/in-house bank
  • cost centre/value-added cost centre/profit centre
  • centralised/decentralised
  • advanced/intermediate/elementary
  • segregation of duties
  • structure of a typical corporate and bank treasury
  • front, middle and back office structures
  • beyond the dealing room.

Treasury risks (includes risks in the dealing operation)

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

Dealing with disasters and lessons to be learnt

  • Barings, Société Generale, UBS

Auditing treasury

  • audit universe
  • 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)
  • actively reassess audit plan and adapt the audit process.

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. 

Governance

  • explore the duties of the board and management
  • Companies Act 2006
  • UK Corporate Governance Code
  • treasury risk committees/role of ALCO in banks
  • treasury performance and how they are measured and reported. 

Derivatives (overview and purpose)

  • forwards and futures
  • FRAs
  • options
  • swaps
  • documentation (e.g. ISDAs and C). 

Treasury management systems

  • security violations (including cyber fraud)
  • audit trail
  • capacity and capability
  • key interfaces
  • disaster recovery and business continuity.

CPE Competency areas covered

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

14 CPE points


Full price

Member: £1175 + VAT
Non-member: £1390 + VAT

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Auditing the treasury function

Duration: 2 days

30-31 March 2020

Schedule

Start: 09:00
End: 17:00

Location

London venue TBC

Cost

Member price:
Non-member price:
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