Foreign Exchange Audit Work Program

Strengthen your review of foreign exchange activities with this audit work program designed to evaluate controls, transaction processing, compliance and risk management practices. This tool provides detailed audit procedures covering the full foreign exchange lifecycle, from deal authorization/recording to settlement, confirmations, monitoring and reporting. The work program also addresses key control areas such as client and counterparty limits, dealer validation, month-end revaluations, cash flow monitoring, settlement instructions, and discrepancy management.

Key Features:

• Detailed audit procedures covering foreign exchange transactions, controls and compliance requirements
• Testing steps for deal authorization, recording, settlements, confirmations and reconciliations
• Coverage of treasury risk management activities, including position monitoring and credit limit oversight