This document includes two sample treasury and cash management work programs that focus on adequacy of controls, overall efficiency and effectiveness of processes, and compliance with policies and procedures. Specific areas of review include wire transfers, investments, cash management, foreign exchange exposure, interest rate swaps and check issuance practices.
Project work steps include: conduct project planning, scope setting and client requests/coordination; coordinate meetings with key process personnel; review best practices for cash management, cash flow, treasury operations and financial risk management; obtain data for testing (see test descriptions in each section); etc.
Risk & Control Matrices - RCMs
Foreign Exchange RCM