A Company Is Reviewing the Function of Foreign Exchange Within

question 12

Multiple Choice

A company is reviewing the function of foreign exchange within its treasury division.Which one of the following is NOT one of the 'controls' the company should have in place for the FX function?

• A) There should be specified monetary limits for single transactions.
• B) Authorisations should be required for FX products.
• C) The tasks of dealing, back office, technology support, administration and audit should be segregated.
• D) The net value of outstanding FX buys and sell transactions yet to be settled is called an exception report.

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