This final lesson examines the governance framework and ethical considerations that support effective risk management .

8.1. Governance Frameworks

The treasury function must operate within a robust governance framework. The ACT and CTP curricula both emphasise the importance of governance, risk controls, and professional ethics . This framework defines the responsibilities of key bodies, such as the board, audit committee, and risk committee.

8.2. Internal Controls and Policies

A strong system of internal controls is essential for mitigating operational risk and ensuring compliance with treasury policies . This includes segregation of duties, authorisation levels, and regular audits .

8.3. Ethics and Professional Conduct

The treasury function is a trusted profession, and ethical conduct is non-negotiable . Treasury professionals are expected to “comply with treasury policies and procedures” and “detect and mitigate fraud” . Professional qualifications like the ACT’s AMCT and the AFP’s CTP are built around a foundation of ethical practice and professional standards