Check out the 10 most frequently viewed audit tools and publications on KnowledgeLeader in April.
1. Entity-Level Controls: The Importance of Setting the Tone
This blog post explains the importance of entity-level controls and explores the COSO Framework.
2. Risk Assessment Audit Work Program
Our Risk Assessment Audit Work Program is designed to assess and validate key controls in place for the risk assessment component of the COSO framework.
3. Process Documentation Narrative and Flow Chart Guide
Use this guide, which includes a process flow example and guidance on other elements to incorporate, to develop an adequate understanding of your organization’s processing environment.
4. Process Classification Scheme (PCS)
The Process Classification Scheme (PCS) is a framework used by Protiviti that can be utilized to organize information about a company according to relevant business and/or industry processes.
5. Procurement Internal Controls Audit Work Program
This sample audit work program reviews the internal controls in an organization’s procurement process.
6. System Implementation Process Questionnaire
The questions included in this tool can be applied to the implementation of new systems or major upgrades.
7. Management Response to Internal Audit Reports Memo
Use the important points included in this memo to draft management responses to audit observations.
8. Internal Audit Risk Assessment Questionnaire
This tool contains three samples that provide questions organizations can use for assessing and improving their internal audit functions.
This document outlines risks and controls common to the "accounts payable" process in a risk control matrix (RCM) format.
10. Internal Audit Department Key Performance Indicators (KPIs)
This tool includes three sample documents that provide guidance internal audit and management can use to evaluate their performance measurements.