New This Week

Taylor & Francis Article

The Importance of Multiculturalism on Auditing

Today’s workplace is multicultural and global. This article describes how an effective auditor in today’s global environment must realign his or her thinking and communicate and negotiate with people across different cultures.

Hot Issue

Data Analytics Game Plan for Internal Audit

Although many professionals believe that data analytics can add value to the internal audit process, surveys have shown that only a small percentage of audit functions actually use data analytics tools regularly. In this Hot Issue article, Jim Kaplan and Richard Lanza explore the reasons for this widespread underutilization and offer insight to help you shape an implementation plan in your organization.

Article

Using Communication to Drive a Risk-Conscious Culture

From a communications standpoint, organizations typically approach regulatory compliance with orientation training when an employee is hired, and thereafter via periodic training – most often, annually. In many instances, this approach falls far short of effectively driving change throughout the organization – despite the serious consequences of failing to comply. Effectively driving change in an organization means changing the way that people behave.

Article

Getting to Strong – What Banking Organizations Need to Know

As financial institutions emerge from the most severe economic rupture in generations, many are struggling to respond to the heightened expectations of multiple stakeholder groups. Among these expectations is the drive captured by the regulatory agency-mandated phrase, “Getting to Strong.” This white paper suggests three key considerations and a business case for Getting to Strong, including indicators as to how executive management, the board of directors and regulators can evaluate achievements and define sustainable progress.

Updated Audit Report

Accounts Payable Review – Audit Report

This is a sample internal audit report for an accounts payable review. The example illustrates a clear and concise format for presenting audit objectives, scope and procedures performed.

Updated Guide

Budgeting Best Practice Guide

This guide focuses on one of the most time-consuming financial processes: budgeting. At a high-level, it describes steps that companies should consider implementing in their own budgeting processes, with the goal of linking the process to corporate strategy.

Questionnaire

Control Self-Assessment Questionnaire: Legal

Self-assessment is a recognized best practice and has been applied to risks and controls for many years. This self-assessment questionnaire is a starting point for completing a review of the legal function.

Updated Questionnaire

Corporate Governance Compliance Questionnaire – Sample 2

Companies address a myriad of new corporate governance requirements established by U.S. Congress, the exchanges and regulators. This document addresses questions focused on balancing corporate governance and business operational demands.

Featured Topics

Featured Links

NASDAQ Hesitates in Its Quest to Mandate Internal Audit

As we recently learned, NASDAQ has withdrawn a proposed new rule requiring that companies listed on the exchange establish and maintain an internal audit function, citing push-back from issuers and others during the public comment period. There weren’t a lot of comments, but there were enough that it was troubling to NASDAQ. Source: theiia.org


Big Data, Big Promises

According to various sources, 90 percent of the data in the world was created in the last two years. The main reasons are the rising popularity of social networks; our willingness to share more; and the type of information we create, consume and share. This article looks at each of these in detail. Source: isaca.org

Featured KLplus CPE Training Course

International Financial Reporting Standards (IFRS)

This course introduces IFRS to auditors and risk management professionals. It helps people understand the people, process and technology changes related to conversion to IFRS as a global financial reporting standard. The completed course is worth 1.5 CPE credits and by the end of the course the learner will be able to:

  • Explain the purpose of International Financial Reporting Standards and the history of their development
  • Explain how IFRS rules are specifically different from local Generally Accepted Accounting Principles (GAAP) - as well how they are similar
  • Anticipate and prepare for the changes in people, process and technology related to financial reporting - by understanding conversion time frames globally and the step-by-step conversion process
  • Implement strategies for minimizing the difficulties and costs of conversion or convergence

Did You Know?

Social Media Risk Topic

KnowledgeLeader has over 35 pieces of content focused on social media risk. So, what are you waiting for? Come explore our articles, work programs, policies and audit reports!

CCH Tax and Accounting - Accounting Research Manager Updates

Weekly Summary of Accounting, SEC, and Auditing

This Week's Poll

Article: Data Analytics Game Plan for Internal Audit

Previous Poll Results

Article: Knowing How – and Where – Your Confidential Data Is Classified and Managed: A Survey on the Current State of IT Security and Privacy Policies and Practices