Bank Investments Department Audit Work Program

This sample program includes steps that can be used to audit an organization’s investments department.

This audit addresses risks such as: obtain trial balances for outstanding repurchase agreements and customer repurchase agreements, ensure that the market value of the securities pledged is greater than the principal amount of the repurchase agreement, reconcile the general ledger accrued interest payable account, obtain a copy of the bank investment policy and verify approval by the board in the board minutes, and verify that classifications comply with the investment policy.