Asset and Liability Management Policy Review Audit Work Program

This sample audit program reviews the policies governing the asset and liability management process. The objective is to review the organization’s policies and procedures related to interest rate risk and asset and liability management, including liquidity, derivatives and swaps. While performing this review, an auditor can determine if these policies are reviewed on a regular basis and assess the board of director’s and asset and liability management committee’s oversight of this function within the organization.

This document can be used as a general guide to understand and review these processes.