Course Introduction
Treasury management is a critical financial function responsible for managing liquidity, cash resources, banking relationships, investments, borrowing, foreign exchange exposure, and financial risks. The Treasury Management Auditing Training Course provides participants with a structured approach to auditing treasury activities, evaluating financial controls, assessing risk exposures, testing transactions, and determining whether treasury operations are efficient, properly authorized, and adequately supported by reliable evidence.
Effective treasury auditing requires an understanding of how cash and financial resources move through an organization. Auditors must examine bank accounts, cash forecasts, payment processes, investment activities, financing arrangements, foreign currency transactions, interest calculations, and treasury policies. This course develops practical skills for mapping treasury processes, identifying key risks, assessing controls, and designing audit procedures that address both financial and operational exposures.
The course places particular emphasis on liquidity management and cash forecasting. Participants will learn how to assess the reliability of cash flow forecasts, compare projected and actual cash positions, investigate significant forecast variances, and evaluate whether management maintains appropriate liquidity buffers. Audit procedures will also address bank reconciliations, cash confirmations, restricted cash, intercompany funding, and unusual movements between accounts.
Treasury activities can create significant exposure to fraud, unauthorized transactions, excessive risk-taking, conflicts of interest, payment manipulation, and inappropriate use of financial instruments. Participants will therefore examine segregation of duties, dealing authorities, transaction approvals, bank mandates, confirmation procedures, management override, and exception monitoring. Practical techniques will be used to identify red flags and determine whether treasury transactions comply with established policies and delegated authorities.
Modern treasury environments increasingly depend on treasury management systems, ERP platforms, online banking, automated payment systems, electronic confirmations, dashboards, and data analytics. The course examines how auditors can use these technologies to strengthen transaction testing and continuous monitoring while also addressing cybersecurity, privileged access, system interfaces, automated controls, data integrity, and cyber-enabled payment risks. Emerging applications of artificial intelligence and automation in forecasting and treasury operations are also considered from an audit perspective.
By the end of the course, participants will be able to plan and perform risk-based treasury audits, evaluate treasury governance and internal controls, test cash and banking transactions, assess liquidity and financial risk management, investigate unusual treasury activity, and communicate significant findings effectively. The course combines practical audit procedures, financial analysis, control testing, fraud-risk awareness, technology considerations, and case-based exercises to strengthen treasury oversight and financial governance.
Duration
5 days
Who Should Attend
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Internal auditors responsible for auditing treasury and cash management activities.
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Treasury managers and treasury officers seeking to strengthen control and audit awareness.
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Finance managers responsible for liquidity, banking, and financial risk oversight.
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Financial controllers responsible for cash and treasury-related financial controls.
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External auditors conducting financial and treasury-related audits.
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Accountants responsible for cash, banking, investments, and financial reconciliations.
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Risk management professionals assessing liquidity, market, and financial risks.
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Compliance professionals reviewing treasury policies and transaction controls.
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Cash management and liquidity management professionals.
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Banking relationship managers and finance professionals involved in treasury operations.
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Audit committee members overseeing significant cash and financial risk exposures.
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Fraud investigators examining payment, banking, and treasury-related irregularities.
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Professionals responsible for foreign exchange and interest-rate risk monitoring.
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Financial analysts involved in cash forecasting and treasury performance analysis.
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Finance and audit professionals seeking advanced treasury audit skills.
Course Objectives
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Develop a comprehensive understanding of treasury management activities, governance structures, financial risks, and audit objectives.
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Apply risk-based auditing techniques to cash management, banking, liquidity, investments, borrowing, and treasury transactions.
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Evaluate treasury policies, delegated authorities, bank mandates, transaction limits, approval procedures, and segregation-of-duties arrangements.
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Assess the reliability of cash flow forecasts and investigate significant differences between projected and actual liquidity positions.
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Perform audit procedures over bank accounts, reconciliations, cash balances, transfers, payments, confirmations, and unusual banking transactions.
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Evaluate controls over investments, borrowings, foreign exchange transactions, interest calculations, and other treasury-related financial instruments.
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Identify fraud indicators involving unauthorized payments, beneficiary manipulation, concealed accounts, management override, and unusual treasury activity.
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Use data analytics, treasury systems, ERP platforms, dashboards, and automated monitoring techniques to identify exceptions and financial risk patterns.
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Assess cybersecurity, access management, system interfaces, electronic banking controls, and technology-related risks affecting treasury operations.
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Prepare well-supported treasury audit findings, quantify financial impacts where appropriate, recommend corrective actions, and communicate results to senior management.
Comprehensive Course Outline
Module 1: Treasury Management and Audit Fundamentals
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Treasury management functions, objectives, organizational structures, governance responsibilities, and financial control requirements.
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Key treasury activities including cash management, liquidity, banking, investments, borrowing, foreign exchange, and financial risk management.
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Treasury audit objectives, risk-based planning, materiality, professional skepticism, and assessment of significant financial exposures.
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Understanding treasury policies, procedures, delegated authorities, transaction limits, reporting requirements, and control frameworks.
Module 2: Treasury Governance, Policies, and Internal Controls
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Evaluating treasury governance structures, management oversight, policy approval, reporting responsibilities, and accountability arrangements.
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Auditing treasury authorities, bank mandates, signing powers, dealing limits, payment approvals, and transaction authorization controls.
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Assessing segregation of duties between transaction initiation, approval, execution, recording, reconciliation, and review functions.
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Testing the design and operating effectiveness of key preventive and detective controls within treasury processes.
Module 3: Cash Management and Liquidity Auditing
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Auditing cash management processes, daily cash positioning, liquidity requirements, cash pooling, and short-term funding arrangements.
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Evaluating cash flow forecasting methodologies, assumptions, forecast accuracy, and management responses to liquidity pressures.
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Testing controls over cash transfers, interbank movements, restricted funds, cash concentrations, and unusual account activity.
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Reviewing liquidity indicators, minimum cash thresholds, contingency funding arrangements, and escalation procedures.
Module 4: Bank Accounts, Reconciliations, and Banking Controls
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Auditing bank account opening, closure, authorized signatories, account inventories, and periodic review of banking relationships.
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Testing bank reconciliations for completeness, accuracy, timeliness, reconciling items, unusual transactions, and independent review.
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Using bank confirmations and external evidence to verify balances, facilities, guarantees, securities, and other banking arrangements.
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Examining electronic banking controls, payment release procedures, beneficiary controls, transaction authentication, and access restrictions.
Module 5: Investments and Short-Term Financial Assets
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Auditing investment policies, permitted instruments, investment limits, counterparty requirements, and approval procedures.
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Testing investment purchases, sales, maturities, interest income, valuations, and accounting records against independent evidence.
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Evaluating investment concentration, counterparty exposure, liquidity characteristics, and compliance with approved investment parameters.
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Reviewing investment reconciliations, confirmations, valuation evidence, impairment indicators, and financial reporting controls.
Module 6: Borrowing, Financing, and Interest Expense Auditing
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Auditing loans, overdrafts, credit facilities, bonds, leases, and other financing arrangements managed by treasury functions.
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Testing borrowing approvals, contractual terms, drawdowns, repayments, interest calculations, fees, and maturity schedules.
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Evaluating compliance with financing covenants, borrowing limits, security requirements, and management reporting obligations.
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Reconciling debt records with lender confirmations, agreements, bank statements, accounting records, and financial disclosures.
Module 7: Foreign Exchange, Interest Rate, and Financial Risk Auditing
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Auditing foreign currency transactions, exchange-rate exposures, revaluation processes, and controls over foreign exchange activities.
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Reviewing interest-rate exposure, pricing assumptions, borrowing costs, and treasury risk-management strategies.
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Testing derivative or hedging transactions where applicable, including authorization, documentation, valuation, accounting, and settlement controls.
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Assessing treasury risk reports, exposure limits, counterparty monitoring, and escalation of breaches or unusual financial positions.
Module 8: Fraud Risks, Cybersecurity, Technology, and Emerging Treasury Issues
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Identifying treasury fraud risks involving unauthorized payments, fictitious beneficiaries, concealed accounts, collusion, and management override.
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Auditing treasury management systems, ERP integrations, automated payment workflows, electronic banking platforms, and system-generated reports.
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Evaluating cybersecurity controls over privileged treasury access, payment credentials, authentication mechanisms, interfaces, and sensitive financial information.
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Examining artificial intelligence, automated forecasting, continuous monitoring, and emerging digital treasury technologies from an audit perspective.
Module 9: Treasury Data Analytics, Audit Evidence, and Investigation
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Applying data analytics to bank transactions, payment populations, transfers, reconciliations, counterparties, and treasury journal entries.
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Identifying duplicate payments, unusual timing, round-dollar transactions, dormant accounts, unexpected counterparties, and abnormal transaction patterns.
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Tracing significant treasury transactions from initiation through authorization, execution, settlement, recording, and reconciliation.
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Evaluating audit evidence, documenting exceptions, quantifying financial exposure, and applying professional skepticism to management explanations.
Module 10: Treasury Audit Reporting, Remediation, and Practical Case Studies
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Developing treasury audit findings covering control weaknesses, liquidity risks, unauthorized activity, compliance failures, and financial exposures.
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Performing root cause analysis and developing practical recommendations addressing treasury governance, processes, technology, and risk management.
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Establishing continuous treasury monitoring using key risk indicators, dashboards, exception reporting, reconciliation reviews, and management escalation.
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Applying integrated case studies involving cash irregularities, banking control failures, liquidity weaknesses, investment risks, and treasury fraud indicators.
Training Approach
This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.
Tailor-Made Course
This course can also be tailor-made to meet organization requirement. For further inquiries, please contact us on: Email: training@upskilldevelopment.com Tel: +254 721 331 808
Training Venue
The training will be held at our Upskill Training Centre. We also offer training for a group (at a discount of 10% to 50%) at requested location all over the world. The Onsite course fee covers the course tuition, training materials, two break refreshments, buffet lunch, airport transfers, Upskill gift package, and guided tour.
Visa application, travel expenses, dinners, accommodation, insurance, and other personal expenses are catered by the participant
Certification
Participants will be issued with Upskill certificate upon completion of this course.
Airport Pickup and Accommodation
Airport pickup and accommodation is arranged upon request. For booking contact our Training Coordinator through Email: training@upskilldevelopment.com, +254 721 331 808
Terms of Payment:
Unless otherwise agreed between the two parties’ payment of the course fee should be done 3 working days before commencement of the training so as to enable us to prepare better.
