Auditing liquidity and refinancing risks

A French public financial institution, the organisation finances companies at every stage of their development, from loans to equity. Its recently created general inspectorate is rationalising the internal audit plan and wants a global view of liquidity, refinancing and asset-liability management risks.

The team has an experienced engagement lead, but lacks a senior auditor combining internal audit practice with deep expertise in treasury and ALM.

A senior audit consultant from corporate and investment banking works for 3 months full time, with two remote days. He maps the processes linked to liquidity (cash flows, refinancing, asset-liability management) and their controls, assesses the effectiveness of the arrangements in place (reporting, ratios, stress tests, forecasts), runs tests and scenario analyses, then writes the audit report and its recommendations, working closely with treasury, the risk department and management.