Corporate Treasury Review Audit Work Program

The purpose of this work program is to provide examples outlining the steps used to perform an audit of corporate treasury. This document provides objectives covering the overall financial control environment, financial and accounting controls, and processes within cash management, investments, and foreign exchange exposure management.

Audit steps include: obtain and review the corporate treasury policies and procedures relating to cash management, investing and foreign exchange exposure management; interview key cash management, investments and foreign exchange hedging personnel (including corporate treasurer); and interview selected accounting personnel.