Investments in Securities, Derivative Instruments and Hedging Activities Audit Work Program

The objective of this audit program is to review the controls related to a company’s investment procedures. This audit program reviews whether investment transactions are initiated in accordance with management’s established policies, the accuracy of investment information, and the results reported in the financial statements.

One of the key steps in this work program includes reviewing board of directors meeting minutes (or its finance, asset/liability, investment or other committee) for evidence that reports of securities transactions have been reviewed and for evidence that changes in securities policies have been approved.