Newsletters
The Current Financial Crisis: Frequently Asked Questions – Global Financial Crisis Bulletin - 6th Edition
As the current financial crisis continues to evolve globally, there are a seemingly infinite number of questions emerging about how the crisis developed and spread, how it is impacting financial institutions as well as other companies, what governments are doing to address the crisis, and what companies must do to secure their own futures. This document provides answers to some of what Protiviti believes are among the most commonly asked questions about the financial crisis. Among the sections of the FAQ with significant updates in this edition are Accounting Rules and the Financial Crisis, and Impact on the Automotive Industry. This edition includes a new section; Impact on the Airline, Hospitality and Gaming Industries.

Impact of the Economic Crisis on the Hospitality, Travel and Leisure Industry - Global Financial Crisis Bulletin
As with most industries, the hospitality, travel and leisure sector have been impacted by the global economic crisis. Faced with a shrinking capital market and decreased discretionary spending, management of companies in this sector face numerous challenges in weathering the crisis and preparing for the post-crisis environment. Read this bulletin to learn how the segments within the hospitality, travel and leisure industry are being affected by the crisis, and how particular issues should be front-of-mind for company management.

Is a Systemic Risk Regulator the Savior of the Financial Services Industry? – FS Insights Volume 2 Issue 12
FS Insights, a quarterly publication from Protiviti’s Financial Services Practice, provides timely coverage of issues facing the financial services industry and insights to help you identify and manage risks and adapt to the changes affecting financial services companies. This issue features the articles: Is a Systematic Risk Regulator the Savior of the Financial Industry? And, Best Practices for Stress Testing.

Auerbach Article
How to Develop and Implement a Security Master Plan
An important aspect of developing and implementing a security master plan is to make sure the security strategies are linked to the strategies of the business so you can ensure the program is moving forward in unison with the business. Read this article to understand how to develop and implement a security master plan, as well as how the security operation is no longer just a business expense but it is an integral part of the business and contributes to the success of the business.

Methodologies & Models
Enhanced Telecom Operations Model (eTOM) Process Classification Scheme – Part II
The Enhanced Telecom Operation Model (eTOM) process classification scheme, addresses the major business process areas of strategy, infrastructure & product, operations and enterprise management, and just as importantly, the supporting functional process areas. Part two of this framework centers on market and resource strategies. Read this document to learn more about the fundamental knowledge of telecommunication customer needs, as well as all functionalities necessary for the acquisition, enhancement and retention of a relationship with a customer.

Work Program
IT Asset Management Diagnostic Audit Work Program
This work program covers a complete IT Asset Management (ITAM) diagnostic audit. Areas covered within this work program include the IT Asset Management Function, IT Asset Management Processes, and IT Asset Financial Management.

Announcement
New Flash Reports Translated into Chinese
KnowledgeLeader is pleased to announce that two recent flash reports have been published on KnowledgeLeader in Chinese: "SEC Commissioner Signals that Smaller Companies Need to Begin Preparations for Section 404(b) Compliance" as well as "SEC Commissioner Weighs In on Expanded Disclosure of the Effects of Compensation on Short-Term Risk Taking." The content can be located by clicking on "Topics" --> "China."

Featured Event
Changes in the International Standards for the Professional Practice of Internal Auditing – New Requirements for Internal Audit Functions - Protiviti Webinar
On January 1, 2009, The IIA released its revised International Professional Practices Framework. All internal audit functions should be discussing these changes as well as the incremental actions required for their management and audit committees. You are invited to join a free Protiviti webinar to learn what the primary changes are to The IIA Standards so you can start to assess the impact on your organization.

Featured Links
Frequently Asked Questions Regarding the Interactive Data Program
As part of efforts to help companies and preparers comply with new rules that require financial reports to be filed using XBRL, the staff of the SEC has posted frequently asked questions regarding the interactive data program. The answers to these questions represent the views of the staff of the Office of Interactive Disclosure. Source: SEC.gov

Recession Causes Rising IT Project Failure Rates
The Standish Group's latest CHAOS report on IT project success and failure provides empirical evidence of something that all project and IT managers suspect: layoffs and budget cuts equal more project failures. Source: CIO.com

Featured CPE Course
Employee Benefit Plans II: Auditing Considerations
This course is offered at a discount through KnowledgeLeader’s partnership with MicroMash. The completed course is worth 9 CPE credits and is designed to help you:

• describe planning the audit of an employee benefit plan;
• identify audit procedures unique to employee benefit plans, defined benefit pension plans, defined contribution plans, multiemployer plans, and health and welfare benefit plans;
• summarize other audit procedures; and
• discuss auditors' reports.

To view the full list of CPE courses, please visit KnowledgeLeader’s Standards & Training Page and follow the MicroMash Online CPE Courses link.

Did You Know?
'Business Continuity Management' related content is available on KnowledgeLeader
There are over 85 items related to Business Continuity Management available on KnowledgeLeader. Click on the link above to view all content related to Business Continuity Management, or click on the 'Topics' tab located in the navigation bar, then click on the Business Continuity Management topic.

CCH Tax and Accounting - Accounting Research Manager Updates
Weekly Summary of Accounting, SEC, and Auditing Developments

• Credit Losses -- FASB Proposes Guidance to Enhance Disclosures about the Credit Quality of Financing Receivables and Allowance for Credit Losses
• Noncontrolling Interests -- FASB Discusses the Scope of Provisions in Statement 160
• PCAOB Inspections -- PCAOB Publishes Amendments to the Inspection Frequency Requirements for Non-U.S. Firms
• Management Commentary -- IASB Proposes Guidance for the Preparation and Presentation of Management Commentary
• Accounting and Review Services -- SSARS 18 Discussed
• GASB Activities -- GASB's Technical Plan Discussed

From the Archive
Network Infrastructure Audit Work Program
The purpose of this document is to provide the general steps of an IT network infrastructure audit. This work program addresses three general risks -- confidentiality, integrity, and availability -- in four major areas. It is one of our many pieces of content focused on IT audit.

Top 5 Pages on KnowledgeLeader
The following links will take you to the five most popular pages from the week of June 15, 2009.

1. Guide to Internal Audit – The Process of Internal Auditing
   
2. Risk Assessment Audit Work Program
   
3. AuditNet Premium Content
   
4. IT General Controls Questionnaire
   
5. Disclosure Committee Questionnaire
   

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