In this financially globalised volatile times, bank’s treasury groups which are ultimately responsible for keeping their banks in business are witnessing tremendous changes. Successful treasury management is extremely important for strong, viable and profitable existence of banks. Keeping this in view, the Internal Audit Standards Board of ICAI has issued Technical Guide on Internal Audit of Treasury Function in Banks. Developed for the internal auditors and bankers, this publication pro
vides practical guidance in understanding the roles and responsibilities of the treasury function in banks as well as in determining the nature of internal audit procedures to be undertaken.
Significant features of the Technical Guide are:
- In depth understanding of the treasury function in banks.
- Brief overview of various aspects such as treasury products and services, treasury dealing room, organisational structure of a bank’s treasury, investment portfolio, asset liability management, treasury risks.
- Deals with fundamental controls and the internal audit procedures relating to treasury/ market risk segments.
- Specimen checklist for internal audit of:
- Treasury operations
- Foreign exchange operations of treasury
- Domestic operations of treasury
- Includes introduction section and glossary of the terms.
- The Guide comes with a CD of the entire Guide to ensure ease of reference and reusability.
The publication can be obtained from the sales counter at the Regional Offices or at the Head Office of the Institute.
