Auditors’ Approach to Auditing the Asset/Liability Management (ALM) Function

Jun 12, 2018 12:00pm -
Jun 12, 2018 01:30pm
(GMT-5)
As we transition to a new online membership platform, CBAO will not be processing online orders from September 21-30. Please call our office at (614) 846.8124 to register for a webinar or an event. Thank you!

A list of upcoming events is presented below:

Event Description

This 90-minute banking webinar provides an overview of ALM principles and ALM measurement techniques. It focuses on auditor issues and procedures related to the audit of the ALM function.

It covers important ALM topics such as:

  • Liability sensitivity
  • Monitoring mismatch of maturing interest sensitive assets and liabilities
  • Understanding management’s view of the future direction of interest rates
  • Reviewing strategies used to react to expected changes in interest rates
  • Understanding “immunity”
  • Understanding “position management”
  • Managing the “gap”

This new bank accounting webinar will review and discuss interest rate risk as well as net gap analysis. It will emphasize the importance of valuing the assets and liabilities at current market prices (fair value approach), as well as the importance of hedging fair value positions. Paul will also discuss the composition of the ALM committee and the decisions expected of that high level committee.

Attention will be focused on ALM committee approaches to interest rate risk management such as:

  • Net interest income analysis (NII)
  • Net present value analysis (NPV)

Attendees will review examples to help them learn about simulation models, particularly dynamic simulation, and also about the use of “duration” analysis.

Specific auditor issues are addressed, outlining an ALM audit approach that includes:

  • Reviewing the ALM policy
  • Verifying the numbers used by the committee to make ALM decisions
  • Making a real commitment about the future direction of interest rates and how to react to rate changes
  • Comparing actual results to expected results

A special part of the coverage includes a review of controls for derivatives.

This great new accounting webinar provides an excellent review of ALM and how the auditor approaches ALM audit coverage.

REGISTRATION OPTIONS

If you are having issues with registering online, please contact CBAO's Education & Training Coordinator, Lianne Simeone, (614) 610-1877.


Event Type:Webinar &/or On-Demand Link/CD
Category:NE Region Meeting
Early registration ends on Mar 30, 2018.
Regular registration starts on Mar 31, 2018 and ends on May 15, 2018.
Late registration starts on May 16, 2018.
(GMT-05:00) Eastern Time (US & Canada)

 

Registration Fees
Fee TypeEarlyRegularLate
 Live Webinar
Member Fee: $265.00$265.00$290.00
Non-Member Fee: $400.00$400.00$425.00
 Additional Hookups
Member Fee: $175.00$175.00$175.00
Non-Member Fee: $260.00$260.00$260.00