As part of its annual work plan, the Office of Internal Audit conducted an audit of WFP’s management of treasury operations in headquarters, focusing on corporate issues. The audit covered the period from 1 January 2015 to 30 September 2016 and looked at events prior and subsequent to this period, as required. The audit team conducted the fieldwork from 17 October to 18 November 2016. The audit was conducted in accordance with the International Standards for the Professional Practice of Internal Auditing.