Corporate Actions Audit Work Program

Organizations that process corporate actions face a range of risks related to accuracy, timeliness, authorization and compliance. This Corporate Actions Audit Work Program provides a structured framework for evaluating the controls, processes and governance activities that support corporate action management. It includes audit objectives, risk considerations, planning activities and detailed testing procedures that support a consistent review. It also outlines common indicators that a review may be needed and provides practical guidance for assessing control effectiveness, segregation of duties and the processing of mandatory corporate actions. Sample testing procedures help validate that corporate actions are reflected accurately in systems and that voluntary elections are executed according to established requirements. Suitable for internal audit teams, risk professionals and control owners, this resource can help strengthen audit quality, improve review consistency, and identify opportunities to reduce errors and enhance oversight of corporate action activities.

Key Features:

• Covers audit planning, process documentation, fieldwork, testing and reporting activities
• Includes review procedures for stock splits, dividends, mergers and acquisitions and rights offerings
• Provides detailed testing steps for mandatory and voluntary corporate actions
• Addresses control effectiveness, authorization requirements and segregation of duties