Forex Audit Services
A forex audit is a specialized review of the treasury’s forex operations. It is important for corporates to get their forex operations reviewed by a professional organization with the requisite skills.AVRCO and RTC is a leading provider of forex audit services.
What We Do:
- Review Your Policy:
We take a close look at your Forex Risk Management Policy, which is like a rulebook for your currency dealings.
- Check Your Treasury Work:
We examine how well your Treasury department handles foreign exchange transactions.
- Stick to the Rules:
We make sure your transactions match the rules set in your Risk Management Policy, and we let you know if anything’s not quite right.
- Document and Comply:
We make sure your transactions are properly documented, authorized, and follow all the rules.
- Market Rates Check:
We see if the rates you’re using for things like spot, forward, and others are in line with what the market says.
A forex audit can help corporates to identify any areas of improvement in their forex operations, reduce their risk exposure, and improve their compliance with regulations.
Our Modus Operandi:
1 The forex audit would be done at your office (all relevant documents, MIS and
subsequent requested documents need to be provided digitally as mutually convenient).
2. Selection of sample: For the Audit Period under Review, a sample will be chosen for
each transaction type, using the required audit norms.
3. An audit of the selected sample will be done and observations noted.
4. Any further clarifications if required, about processes followed will be obtained.
5. Any queries resulting from the audit will be discussed and resolved, if possible.
6. Findings / final observations discussed with the treasury head.
7. Draft report will be prepared and sent after fieldwork is completed.
8. After acceptance of Draft Report, the Final report will be sent.
Contact us today to learn more about our forex audit services.
