Contents
1. Treasury Management Policies and Procedures: ............................ 3
2. Treasury Controls: ......................................................................... 4
3. Cash Management: ....................................................................... 5
4. Debt Management: ....................................................................... 6
5. Foreign Exchange Management: .................................................... 7
6. Investment Management: ............................................................. 7
7. Treasury Reporting: ....................................................................... 8
8. Treasury Technology: .................................................................... 8
9. Treasury Personnel: ...................................................................... 9
10. External Audit Coordination: ......................................................... 9
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INTERNAL AUDIT CHECKLIST FOR TREASURY
1. Treasury Management Policies and Procedures:
• Are Treasury policies and procedures in place and up to date?
• Are Treasury policies and procedures consistent with applicable laws, regulations,
and company policies?
• Are Treasury policies and procedures reviewed and updated on a regular basis?
• Are Treasury policies and procedures communicated to all relevant stakeholders?
• Are Treasury policies and procedures documented in a centralized repository?
• Are Treasury policies and procedures reviewed and approved by management and
key stakeholders?
• Are Treasury policies and procedures consistent with industry best practices?
• Are there procedures in place to ensure that Treasury staff are aware of changes to
policies and procedures?
• Are Treasury policies and procedures regularly reviewed for effectiveness and
compliance?
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2. Treasury Controls:
• Are there adequate controls in place to safeguard cash and financial assets?
• Are controls designed to prevent fraud and errors?
• Are controls operating effectively?
• Are controls monitored and tested on a regular basis?
• Are controls tested and evaluated on a periodic basis?
• Are there control activities in place to mitigate identified risks?
• Are controls designed to detect and prevent errors or fraud?
• Are control activities designed to ensure compliance with relevant regulations?
• Is there segregation of duties among Treasury personnel?
• Are bank accounts reconciled on a timely basis?
• Are reconciling items investigated and resolved promptly?
• Is there a process in place to ensure that all bank accounts are reconciled?
• Is there a clear approval process for treasury transactions?
• Are transactions properly authorized by authorized personnel?
• Is there proper documentation and record-keeping for approvals and authorizations?
• Is there a proper accounting system in place to track treasury transactions?
• Are accounting entries accurate and properly recorded?
• Is there proper documentation and record-keeping for treasury transactions?
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3. Cash Management:
• Are cash balances and liquidity forecasts monitored on a regular basis?
• Are cash balances and liquidity forecasts updated in a timely and accurate manner?
• Are cash management strategies and practices appropriate for the company's needs?
• Are banking relationships and services appropriate for the company's needs?
• Are cash balances reconciled in a timely and accurate manner?
• Are cash balances reported on a regular basis to senior management?
• Are cash balances regularly monitored for accuracy and completeness?
• Is there a process in place to ensure the timely and accurate processing of cash
transactions?
• Are cash flow forecasts regularly updated and communicated to key stakeholders?
• Are there proper segregation of duties in place for cash management activities?
• Are cash transactions properly authorized and documented?
• Is there adequate physical security over cash and checks?
• Are bank accounts reconciled on a timely basis?
• Are reconciling items investigated and resolved promptly?
• Is there a process in place to ensure that all bank accounts are reconciled?
• Is there a clear approval process for treasury transactions?
• Are transactions properly authorized by authorized personnel?
• Is there proper documentation and record-keeping for approvals and authorizations?
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4. Debt Management:
• Are debt management policies and procedures in place and up to date?
• Are debt management policies and procedures consistent with applicable laws,
regulations, and company policies?
• Are debt management strategies and practices appropriate for the company's
needs?
• Are debt covenants being monitored and complied with?
• Are debt agreements reviewed for compliance with covenants and other terms?
• Are there controls in place to ensure timely payment of debt obligations?
• Are there controls in place to monitor interest rates and ensure compliance with
debt agreements?
• Is there a process in place to manage and mitigate interest rate risk?
• Are all required disclosures related to debt obligations properly documented and
disclosed?
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5. Foreign Exchange Management:
• Are foreign exchange policies and procedures in place and up to date?
• Are foreign exchange policies and procedures consistent with applicable laws,
regulations, and company policies?
• Are foreign exchange strategies and practices appropriate for the company's needs?
• Are foreign exchange risks being monitored and managed effectively?
• Are foreign exchange transactions documented and reported on a timely basis?
• Are foreign exchange transactions executed in compliance with policies and
procedures?
• Are foreign exchange risks monitored and managed appropriately?
• Are foreign exchange transactions accurately recorded and reconciled?
6. Investment Management:
• Are investment policies and procedures in place and up to date?
• Are investment policies and procedures consistent with applicable laws, regulations,
and company policies?
• Are investment strategies and practices appropriate for the company's needs?
• Are investment risks being monitored and managed effectively?
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7. Treasury Reporting:
• Are Treasury reports prepared and issued in a timely and accurate manner?
• Are Treasury reports consistent with applicable laws, regulations, and company
policies?
• Are Treasury reports provided to relevant stakeholders in a format that is useful and
understandable?
• Are there appropriate segregation of duties between treasury activities and
reporting?
• Are there effective controls in place to ensure the accuracy and completeness of
treasury data used for reporting?
• Is there adequate documentation of treasury reporting processes and activities?
• Are there regular reviews and updates of treasury reporting policies and procedures?
8. Treasury Technology:
• Are Treasury systems and technology tools adequate for the company's needs?
• Are Treasury systems and technology tools secure and reliable?
• Are Treasury systems and technology tools being used effectively and efficiently?
• Are there appropriate backups and disaster recovery procedures in place for
treasury-related IT systems?
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9. Treasury Personnel:
• Are Treasury personnel appropriately trained and qualified for their roles?
• Are Treasury personnel following applicable policies and procedures?
• Are Treasury personnel communicating effectively with other stakeholders?
10. External Audit Coordination:
• Are external auditors provided with all requested information and support?
• Are external audit findings and recommendations addressed in a timely and
appropriate manner?
• Are external audit recommendations implemented effectively?
