Department of Internal Audit and Compliance

Finance and Accounting - Financial Risk Management

Effectiveness and efficiency of operations

A. Treasury risk management activities are controlled.

  1. Are risk management practices evaluated frequently as market conditions change?
  2. Have banks and other third parties been informed as to what the University's procedures and policies are?
  3. Has an oversight group been developed to meet regularly and evaluate strategies?

B. Interest rate risk is controlled.

  1. Are cash reserves built up during low interest rate periods?

C. Risk management activity and derivatives transactions are properly authorized.

  1. Have standards and guidelines been established for reporting to management strategy effectiveness and performance measurements?
  2. Has a maximum exposure to a counter party been established?
  3. Has purchasing responsibilities in the risk management program been assigned?
  4. Have finance's responsibilities in the risk management program been assigned?

    Back

Last Updated: 1/3/23