Treasury management system fundamentally drives the treasury front office, middle office and back office operations of any financial institution. It automates, record and control the core treasury functions related to both local and foreign currency dealings. Its primary objective is to enable full (end-to-end) straight through processing (STP) that automates all standard (day-to-day) local and foreign currency treasury processes which facilities real-time information and compliance to internal policies and external laws/regulations.
Auditing treasury management system has remained a daunting task for Information System Auditors and Assurance professionals in the industry. Being a slightly unconventional system, it is important for IT Assurance professional to build the required capacity to provide assurance around the system. Given the central role the treasury management system plays in enabling the treasury front office function, it is important for IT assurance professionals to build capacity necessary to carryout effective audit of the system. This is in addition to being familiar with local regulations and policies that drive the treasury management business. For effective audit of the system, it is important for Information Systems Auditors and other IT Assurance professionals to develop a robust and comprehensive audit program that can be used to validate operational, regulatory and business controls to protect the system from the risk of confidentiality, integrity and availability.
This eBook was put together to close identified knowledge/skill gaps in the auditing and security review of treasury front office application by IT Auditors and other Assurance professionals. As an audit program/checklist, the book provides a step by step do-it-yourself guide on how to review the various aspects of the treasury management system by outline test procedures to be performed to assure the adequacy and effectiveness of technical and operational controls in and around the treasury management system and treasury front office function. From full product/asset coverage e.g. money market (bonds, treasury bills, commercial papers), securities (commercial loans), foreign exchange, cash to Static data management (customers and counterparties information), reporting facility, automation of standard local currency treasury transactions and accounting entries end-to-end, workflow and security controls, were effectively covered. This book serves for use in auditing some of the popular treasury management systems such as Finacle Treasury, Flexcube, etc., given similarities in their architecture. The following areas of the treasury management system and operational processes were covered.
Intended for organizations desirous of building requirement for the automation of its treasury front office, middle office and back office functions from ground up. IS/IT auditors, System control & IT risk analyst will find this book very useful for continuous review of their treasury front office function and ensuring that the system remain secure and relevant for the treasury business function. Below is a sample page of the treasury management system audit checklist/program. For full access to the document, you can subscribe to our membership plan or purchase the book by click the Add to Cart button above.
Review the book sample pages and table of content below. Please note that a link to download the eBook in PDF format will be provided to you upon successful checkout. However, if you want the book in other reading formats such as .ePub, or .kobi, please Contact US and we will email you a copy of the book in the format of your choice on request.