Mon, Feb 5, 2024

Check out the 10 most frequently viewed audit tools and publications on KnowledgeLeader in January.

1. Internal Audit Department Key Performance Indicators (KPIs)

This tool includes three sample documents that provide guidance internal audit and management can use to evaluate their performance measurements.

2. Entity-Level Controls: The Importance of Setting the Tone

This blog post explains the importance of entity-level controls and explores the COSO Framework.

3. Management Response to Internal Audit Reports Memo

Use the important points included in this memo to draft management responses to audit observations. 

4. Enterprise Risk Management Questionnaire

This questionnaire can be used when analyzing an organization’s enterprise risk management strategy.

5. Process Documentation Narrative and Flow Chart Guide

Use this guide, which includes a process flow example and guidance on other elements to incorporate, to develop an adequate understanding of your organization’s processing environment.

6. Physical Inventory Count Memo

This sample memo provides physical inventory instructions that a company can use to compare counted quantities to on-hand quantities in order to identify discrepancies.

7. Transfer Agent Market Share – 2022

Audit Analytics looks at the market share among transfer agents throughout 2022.

8. Internal Audit Feedback Questionnaire

This tool includes 10 sample questionnaires that can be used by internal audit functions to gather client feedback and measure client satisfaction.

9. Audit Planning Memo

This tool provides three sample planning memos, which serve as a report of an internal audit function’s high-level assessment of the company’s audit planning process and outline what should be included in an audit planning memorandum.

10. Internal Audit Engagement Memo

This internal audit engagement memo informs an auditee of an upcoming audit and includes the objectives of the audit, proposed timetable and audit team members.

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