Overview of Treasury Operations in a Bank Treasury operations is one of the most important function of a bank, responsible for the processing of all financial market transactions and usually […]
Audit - 26. page
Core functions of Treasury Operations in Bank
Core functions of Treasury Operations in Bank The core areas of treasury operations in a bank can be functionally divided into the following broad compartments as mentioned below: Front […]
Front office Operations
Front office Operations The front office operations consist of dealing room operations wherein the dealers enter into deal with the various approved counterparties. Deals are entered into by dealers on […]
Middle office Operations
Middle office Operations Middle office is responsible for onsite risk measurement, monitoring and management reporting. The other functions of Mid-Office are: Limit setting and monitoring exposures in relation to […]
Back office Operations
Back office Operations The mainstream role of the back office is in direct support of the dealing room or front office. Traditionally, this included the input of deals written and […]
Guarantees Given on Behalf of Constituents
Guarantees Given on Behalf of Constituents The auditor should ascertain whether there are adequate internal controls over issuance of guarantees, e.g., whether guarantees are issued under proper sanctions, whether adherence […]
Acceptances, Endorsements and Other Obligations
Acceptances, Endorsements and Other Obligations The auditor should evaluate the adequacy of internal controls over issuance of letters of credit and over custody of unused LC forms in the same […]
Other Acceptances and Endorsements
Other Acceptances and Endorsements The auditor should study the arrangements made by the bank with its customers. He should test check the amounts of the bills with the register maintained […]
Common Procedures
Common Procedures The auditor should obtain a written confirmation from the management that all obligations assumed by way of acceptances, endorsements and letters of credit have been duly recorded and […]
Other Items for Which the Bank is Contingently Liable
Other Items for Which the Bank is Contingently Liable The auditor should examine whether commitments under all outstanding underwriting contracts have been disclosed as contingent liabilities. For this purpose, the […]