A major food and beverage manufacturer with three major divisions, 150 countries of operation, and international revenues accounting for 15% of total revenues of
$6 billion conducted a treasury audit. It gathered data in the following areas:
(a) Local reports put out by the subsidiaries;
(b) Cross-border reports prepared by regional headquarters;
(c) The system's organization;
(d) Transmission of data among subsidiaries, regional headquarters, and parent headquarters;
(e) Possible computerization of local reporting systems;
(f) Local bank-balance reports;
(g) The accuracy of cash forecasts. What information should the company be looking for in each of these areas and why?

  • CreatedJune 27, 2014
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