PSA HOME

Contact Us

Training Courses

About Paul Sanchez

The Sanchez "Take"

About PSA

Other Services

News Update

 

 

   

 

The Audit of the Investment Portfolio (INVST)

 

This one day course is designed to provide practical guidance on how to audit a depository institution’s investment portfolio. 

 

Particular emphasis is placed on:  

1.      the reason(s) for the investment portfolio

2.      the need for current, written, carefully thought-out  investment policy

3.      management's responsibility for ongoing monitoring the investment portfolio

 

The course will carefully analyze the investments that are generally part of the investment portfolio, including:

-          U.S. Government and Agency Securities
(Bills, Notes, Bonds)

-          Mortgage and Mortgage-backed Securities
(Fixed-rate, ARMs, GPMs, Pass-throughs etc.)

-          State & Local Government Securities
(General Obligation Bonds, Revenue bonds etc.)

-          Other Investments
(Corporate Paper, Stocks, CMOs, Floaters, Inverse Floaters, Interest Only and Principal Only Mortgage-backed Securities, etc.)

 

The course covers investment business risks and related internal controls. 

 

It will specifically describe and provide examples of the accounting requirements and intricacies associated with “held-to-maturity,” “trading,” and “available-for-sale” securities.

 

This is a valuable course for all auditors involved or soon to be involved in the audit of the investment portfolio.

 

 

 

 

Category: Banking - Auditing