New This Week

Regulatory Updates

The PCI Security Standards Council Releases PCI DSS Version 3.2: Protiviti Flash Report

The PCI SSC has released PCI DSS version 3.2. As with every prior version or release, many clarifications and clerical changes have been made.


UK Outlines New Action Plan for Anti-Money Laundering and Counter-Terrorist Finance: Financial Services Industry Flash Report

The UK calls for the government and the private sector to work together to build a regime to combat money laundering and terrorist financing threats.

Hot Issue

Guide to Public Company Transformation Answers What You Always Wanted to Know About the IPO and Beyond

This article outlines the updates included in the latest edition of Protiviti’s Guide to Public Company Transformation: Frequently Asked Questions.

Audit Analytics Article

Non-GAAP More Common than Previously Thought?

Non-GAAP got a new spin after SEC Chairman Mary Jo White in her December 2015 speech outlined the widespread use of these metrics as a concern.

Benchmarking Tool

Communicate With Shareholders Key Performance Indicators (KPIs)

This benchmarking tool focuses on leading practices and key performance indicators for effectively communicating with shareholders.

Updated Work Programs

Branch Internal Audit: Items Held on Consignment Work Program

This audit program outlines steps for reviewing accounts and overdrafts at a bank branch.


Application Controls Audit Work Program: Sample 2

This audit work program focuses on the application controls necessary to support a business.


Hotel Accounts Receivable and Credit Review Audit Work Program

This audit work program focuses on the accounts receivable and credit areas of a hotel or hospitality property.

May 31, 2016

Updated Memo

Expense Reporting Policy Violation Memo

This memo notifies an employee of potential non-compliance with the company’s expense reporting policy.

Featured KnowledgeLeader Blog Post

The Best of KnowledgeLeader: May Edition

Subscribe to our blog to be sure you get our weekly post updates!

Featured Links

Penetration Testing Part of an Effective Cyber Defense

Many organizations have implemented cyber controls, but they lack evidence that their controls work. Source: isaca.org


FASB to Draft Final Standard on Credit Losses

Financial reporting of credit losses on loans and other financial assets could move from an incurred-loss approach to an expected-loss approach. Source: journalofaccountancy.com

Featured Event

Protiviti CPE Webinar: 2016 Sarbanes-Oxley Benchmarking Survey

We will discuss some of the most interesting topics emerging from Protiviti’s seventh-annual Sarbanes-Oxley Compliance Survey.

Featured Webinar Recording

Are Auditors Walking the Talk When it Comes to Implementing Change?

If you missed the live event, don't worry; a recording of this webinar is now available.

Did You Know?

Risk Assessment Topic

KnowledgeLeader has over 300 pieces of content focused on risk assessment. So, what are you waiting for? Come explore our publications and tools!

Featured KLplus CPE Training Course

Introduction to the Internal Audit Profession

The objective of this course is to explain the role of internal audit in today’s business environment and to clarify its purpose, procedures and benefits.

CCH Tax and Accounting - Accounting Research Manager Updates

Weekly Summary of Accounting, SEC, and Auditing Developments

RCM Tool Area

Registration flyer for upcoming webinar, Become a KnowledgeLeader Pro in 30 Minutes

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