Optimizing and Managing Treasury Audit Process

Instructor by : Zainal Mustofa   BENEFIT

1. Meningkatkan pemahaman peserta terhadap produk dan aktivitas treasury beserta dengan risiko-risiko yang melekat pada aktivitas treasury dan sistem pengendalian internal yang diterapkan di dalamnya
2. Pengenalan terhadap proses audit treasury, meliputi antara lain :
3. Perencanaan audit treasury, Penetapan tujuan audit ,
4. Pelaksanaan audit yang efektif dan efisien
5. Pengkajian dan pembahasan temuan audit,
6. Penyajian laporan hasil audit
7. Evaluasi pelaksanaan audit

TARGET

• Auditor internal and auditor eksternal yang akan melaksanakan audit treasury
• Staf dan pimpinan unit kerja treasury yang hendak mengembangkan sistem pengendalian internal pada unit kerja treasury
• Staf dan pimpinan perusahaan yang ingin memahami aktivitas treasury dan sistem pengendalian internal yang perlu diterapkan di dalamnya

OUTLINE MATERI Apa sajakah produk-produk treasury?

• Exchange Traded versus Over the Counter Market

Apa sajakah komponen dari produk-produk treasury?

• Securitisation Forwards Optionality

Cash Instruments

• Spot FX Transactions,Forward FX Transactions
• FX Rate Swap,Loans & Deposits
• Bonds,Equity Trading
• Commodity Trading

Derivative Instruments

• Interest Rate Swaps,Currency Swaps
• Forward Rate Agreement (IR Forward)
• Option Contracts

Fair Value and the Marking To Market Of Treasury Products

• What is MTM and FV?
• The issues with FV Accounting
• Importance of fair value in accounting for treasury products
• Accounting uses of fair value:
  • Performance measurement
  • Carrying value
  • Disclosure
• Fair Value vs Accrued Value

Inherent Risks In Treasury

• Market risk,Liquidity risk,Credit risk
• Operational risk, Strategic & Business risk
• Legal & Compliance risk, Reputational risk

Internal Control Framework

• Inherent Risks in using exchange traded derivatives
• OTC contracts
• The management and control system
• Control Risks
• Role of Internal Audit
• Role of External Audit

Auditing Framework,  Objectives of Auditing, External Audit versus Internal Audit Financial Auditing, Operational Auditing, The Audit Approach Identifying and measuring the risk factors

• Identifying and documenting the management and control system
• Identifying the aspects of the management and control system at risk
• Reviewing the adequacy of the management and control system

Designing The Audit Work Program

• Identify key risks
• Identify key aspects of internal control system
• Review adequacy of key parts of internal control system
• Identify attributes affected by risks
• Test validity of attributes at risk

Carrying Out The Audit Work Key Audit issues with Treasury

• Completely recorded in timely manner
• Off premises trading
• Unauthorised trading
• Trading vs hedging designation
• Intra day position breaches
• Monitoring near to settlement trades
• Monitoring of liquidity risk
• Deposit and margin reconciliations
• Valuation and liquidity  ,Concentration of transactions

Audit Techniques TRAINING  METHOD Presentation Discussion Case Study Evaluation   FACILITY Training Kit Handout Certificate Lunch + 2 X Coffee Break Souvenir Pick up Participant