Featured Event

​Four Key Questions to Get to Know Your Audit Client - Register Now!

During this presentation on Nov. 30, popular KnowledgeLeader writer Ann M. Butera, will explain techniques to plan audits that deliver useful results within budget and without excessive audit risk.

Benchmarking Tool

Internal Audit Department Key Performance Indicators (KPIs)

This tool outlines key performance metrics that are used for assessing audit functions, the outcome measures associated with each metric, and the activity measures that drive each outcome metric.

Audit Report

Internal Audit Risk Assessment and Audit Plan

This sample audit report outlines findings from a risk assessment performed at a company with the purpose of identifying areas of risk and developing a three-year internal audit plan.

Updated Audit Reports

Strategic and Operational Process Review Report

This audit report summarizes a strategic and operational review of a company’s business environment and production processes.

Back Office Process Optimization Report: Sample 2

This sample audit report focuses on the project timeline for upgrading related systems during back office process optimization.

Regulatory Update

SEC Cyber Threat Report Advises Companies to Revisit Internal Accounting Controls: Protiviti Flash Report

In this flash report, we summarize the U.S. Securities and Exchange Commission (SEC) report issued on Oct. 16 and the implications for public organizations.

Article

Challenges to Model Validation Under the New CECL Standard

The Current Expected Credit Loss (CECL) standard is slated to go into effect at the end of 2019 for Securities and Exchange Commission (SEC) filers and the end of 2020 for others.

Audit Analytics Article

Insurance Industry Sees Rise in Negative Events

This article charts the Securities and Exchange Commission (SEC) comment letter trends in the insurance industry and covers in-depth the recent examples of MetLife and Aflac.

Hot Issue Articles

Making Fintech Fit — Banks Weigh Risks, Rewards of Fintech

Forward-thinking banks are acquiring and partnering with fintech firms. However, the introduction of third parties can result in heightened need to monitor and manage third-party risk.

Financial Institutions Are Better Than Most at Bridging the Gap Between Procurement and Finance, But They Are Far From Perfect

This article presents data from the 2017 Protiviti survey, Bridging the Gap Between Finance and Procurement to Maximize Value, that was not included in the published report.

Featured RCM

Purchase Materials and Supplies: P-Card Purchases RCM

This document outlines risks and controls common to the p-card purchases component of the “purchase materials and supplies” process in a risk control matrix (RCM) format.

Featured Links

@ISACA Volume 22

This issue covers the COBIT 2019 webinar, avoiding security fatigue, assuring machine learning, the information technology (IT) security roadmap for 2019, and more. Source: isaca.org

9 in 10 Enterprises Report Gaps Between the Cybersecurity Culture They Have and the One They Want

The ISACA/CMMI Institute Cybersecurity Culture Report found that just 5 percent of employees think their organization’s cybersecurity culture is as advanced as it needs to be. Source: cybersecurity.isaca.org

KnowledgeLeader's Greatest Hits!

Risk Assessment and Internal Audit Plan Audit Report

This sample reports results from an annual risk assessment and proposes an internal audit plan based on the assessment.

Featured KLplus CPE Training Course

Documenting Processes and Internal Controls

This course will give you a fundamental understanding of documenting processes and internal controls.

CCH Tax and Accounting - Accounting Research Manager Updates

Weekly Summary of Accounting, SEC, and Auditing Developments