New This Week

Article

​The Next Generation of Internal Auditing — Are You Ready? Catch the Innovation Wave

A next-generation internal audit function requires acknowledgment of the need for change, an understanding of essential capabilities of a next-generation internal audit function, and more.

Methodologies & Models

Fundraising Management Capability Maturity Model and Six Elements of Infrastructure

This document includes a capability maturity model and the six elements of infrastructure that can be used to evaluate an organization’s fundraising management.

Audit Report

Enterprise Communications Platform Review Report

This audit report provides an in-depth comparison of three different enterprise communications platforms and can be customized and used by any organization considering migration to a new application.

Updated Audit Reports

Accounts Payable Review Audit Report

The primary objective of this audit report is to obtain an overall, high-level understanding of the accounts payable process and related functions.


Sales Order Processing Review Audit Report

This audit report evaluates the control adequacy and operational effectiveness of the sales order processing cycle.


Internal Audit Site Review Audit Report

This audit report reviews the control adequacy of the expenditure, revenue and inventory cycles at a company facility.

Updated Questionnaires

Control Self-Assessment Questionnaire: Financial Reporting and General Ledger

This sample helps a company determine whether its established controls for financial reporting and the general ledger are designed and operating properly to meet control objectives.


Information Technology (IT) General Controls Questionnaire

This questionnaire provides questions to consider when assessing a company’s information technology (IT) controls.

Newsletter

Is Technical Debt Limiting Your Company’s Competitiveness? - Board Perspectives: Risk Oversight, Issue 109

This article presents options to address technical debt and create an organization’s overall road map that is tailored to its specific situation and risk appetite, and suggested questions for boards of directors.

Article

The Journey to Implementation Continues

This article includes a comparison of changes between the current and new current expected credit loss (CECL) accounting standard, as well as ramifications and changes to expect from implementation.

December 3, 2018

Hot Issue Articles

Regtech Investment Is Increasing, But Leaders Are Still to Emerge

The regulatory technology (regtech) market is rapidly evolving and expanding, with lots of players, but it has yet to coalesce around any real leaders.


Reality Check: Global Risks, Unexpected Opportunities on the Rise

This article explores some of the top risks impacting the World Economic Forum’s (WEF) five global risk categories – economic, technological, environmental, societal and geopolitical.


Internal Audit Capabilities and Needs: Great “Tech-Spectations”

This article discusses top priorities revealed in Protiviti’s 2018 Internal Audit Capabilities and Needs Survey results and what needs to be addressed before adopting robotic process automation (RPA).

New KnowledgeLeader Blog Post

New Pricing Risks Pioneered by the Consumer Perspective

This week's blog post explores new pricing risks, barriers to dynamic pricing, and offers strategies to help you get the price right.

Featured Links

Working Group Considers Changes to CPA Licensing Requirements

Possible changes to the Certified Public Accountants (CPA) licensure requirements are being explored that would incorporate skills and competencies in technology and data analytics. Source: www.journalofaccountancy.com


Communicating Environmental, Social and Governance (ESG); Corporate Responsibility (CR); or Sustainability Effectively Requires a Plan – Are You Ready?

Make sure you're prepared for the heightened focus on the "E&S" of environmental, social and governance issues. Source: info.dfinsolutions.com

KnowledgeLeader's Greatest Hits!

Budgeting Process Audit Work Program

This sample audit program helps evaluate the overall process for planning and completing budgeting, determining the effectiveness of compliance with corporate policies and procedures, and more.

Featured KLplus CPE Training Course

Assessing Your Organization's Risks

In this course, you will learn common techniques to assess risk, including opportunity assessment, and threat assessment using FMEA - failure mode and effects analysis.

CCH Tax and Accounting - Accounting Research Manager Updates

Weekly Summary of Accounting, SEC, and Auditing Developments

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