Audit & Assurance
Because of its unique technical nature, auditing the Trade and Finance Department / Corporate Treasury Department is different than auditing other departments of the bank / corporate entity. The risks of its complex operations often disguise in areas that can not be reflected in the department’s accounts; it requires a trade and finance operations / corporate treasury expert, not only accountants, to identify the existing risks and foresee potential ones.
An independent external audit is necessary for the banks / corporate entity protection, not only does it safeguard it from illegal and negligent practices, an external audit also provides the management with information about the efficiency of the procedures, structure, limits of authority … etc. Furthermore, an independent external audit is the exemplary means for the protection from organized commercial crime and fraud prevention.
Enterprise Risk Management
Coverage
What are all the risks to our business strategy and operations?
Risk Appetite
How much risks are we willing to take?
Governance & Policies
How good are we at overseeing risk taking?
Risk Data & Infrastructure
How do we ensure we have the right information to manage risk?
Measurement, Evaluation & Communication
How do we determine the size and scope of the risks and report the results?
Control Environment
How well do we manage the risks?
Response
What are we doing about the risk?
Stress Testing
What else can go wrong and how are risks interconnected?