Bank Treasury Cycle: Control Objectives and Audit Work Program
Subscriber Content
The principal objective of this audit program is to help management analyze the effectiveness of the internal control structure over financial reporting for the treasury cycle. The internal control structure at the cycle level consists of the management control structure (MCS) and the business process controls implemented in the transaction cycle.
The following MCS components are specifically addressed in this tool: assess external and internal risks, establish control environment, and provide reliable and relevant information/support communication processes.