Treasury Operations Scoping Memo

The purpose of this sample memo is to outline the scope, objectives, planned work and general timing of a treasury operations audit.

Sample work steps include: perform process walk-throughs of relevant treasury processes; meet with representatives from company divisions that have frequent interaction with the treasury area; conduct interviews to better understand communication, interactions and any potential issues or challenges; ensure that the company operates in compliance with treasury regulations related to cash received, claims payments and wire transfers; and review banking relationships and confirm that accounts are valid, approved and monitored.