Course Overview

Finance & Treasury Audits
This module provides a comprehensive understanding of finance and treasury functions
from an audit and control perspective. It focuses on strengthening financial governance,
ensuring compliance, and improving the accuracy, integrity, and reliability of financial
reporting.

Key areas covered include:
● Financial Planning, Budgeting & Forecasting
Evaluation of budgeting processes, forecasting accuracy, and alignment with
strategic business objectives.
● Chart of Accounts & Master Data Controls
Review of financial structure design, account coding, and controls over master
data creation and maintenance.
● Cash & Bank Management
Assessment of cash handling processes, bank reconciliations, and controls over
inflows and outflows.
● Treasury Operations & Liquidity Management
Analysis of liquidity planning, cash flow optimization, and treasury risk
management practices.
● Borrowings, Loans & Financing Arrangements
Review of loan agreements, interest management, compliance with covenants,
and financing structures.
● Investment & Surplus Funds Management
Evaluation of investment decisions, surplus fund utilization, and associated risk
controls.
● Foreign Exchange & Hedging
Assessment of FX exposure management, hedging strategies, and related
accounting treatments.
● Accounts Payable Management
Review of vendor payment processes, controls over liabilities, and approval
mechanisms.
● Accounts Receivable (Financial Controls)
Focus on financial accuracy of receivables, aging analysis, and reconciliation
controls.
● General Ledger Management
Examination of ledger integrity, posting accuracy, and control over financial
records.
● Journal Entries & Manual Adjustments
Review of manual entries, approval hierarchies, and risk of unauthorized
adjustments.
● Financial Close & Reporting
Assessment of month-end/year-end closing processes and financial reporting
accuracy and timelines.
● Taxation (Direct & Indirect)
Evaluation of tax compliance, filing accuracy, and adherence to applicable
regulations.

● Fixed Assets Accounting
Review of asset capitalization, depreciation policies, and asset tracking controls.
● Financial Reconciliations
Assessment of reconciliation processes across key financial accounts and
systems.
● Delegation of Authority & Approval Controls
Review of approval matrices, authorization levels, and governance structures.
● Finance Systems & IT Controls
Evaluation of ERP systems, access controls, and financial data security
measures.