Effective Treasury Audits

In this article, we take a look at what needs to be in place for an effective audit of a treasury function, taking in both the effectiveness of the first and second line of defense.

Auditing Control Effectiveness

Not all controls are designed equal, not all risks are equal that we know to be a potential truism, but the deviation between these two places nearly always leaves some organisations exposed.

Risk Based Audit

One of the biggest trends I am witnessing in the domain of audit is for auditors to migrate a traditional audit across to a Risk Based Audit program. This auditors' evolution or revolution if you prefer is relatively pervasive across market and industry sectors. It is actually reaching a point that in the not too distant future, a traditional audit will be seen by many as an outdated and unsatisfactory process for auditing a company.

In this blog posting we share a complete paper / presentation that leads an auditor through the various phases or steps that are required to perform a Risk Based Audit.