Mon, Oct 30, 2023


The following tools were published on KnowledgeLeader this week:

Risk Self-Assessment Survey Report

Identify improvements for your organization’s risk management infrastructure and capabilities with this audit report sample. In this sample, internal audit conducted a risk self-assessment survey, which was deployed to the management team. The survey was structured in a way so that further information could be obtained regarding the number of top risks identified by senior management during a risk identification workshop.

Enterprise Risk Assessment Methodology for Internal Audit Plan Development Guide

This sample provides guidance in the following areas: customizing a retail risk model, sourcing value models, analyzing the business, and identifying business goals and objectives. This guide presents a detailed approach to enterprise risk assessment methodology for internal audit plan development.

Facilitated Meetings Guide

This guide discusses ground rules, meeting purpose statements and techniques for building agreements. It also provides suggestions on identifying and dealing with difficult people. Faciliated meetings offer a way to avoid bad decisions that come about as a result from ineffective planning and poor collaboration. A good facilitated meeting can strengthen your organization, just as one that is poorly planned or run will cause a lot of difficulties. 

Acceptable Use Policy

The company’s risk management group has a mission to protect and maintain the confidentiality, integrity and availability of the company’s information resources.  This tool contains two sample policies that establish standards and procedures for governing the acceptable use of technology and other information resources.

Customer Credit Policy

This customer credit policy establishes guidelines for customer credit limits, the credit hold and release process, and the ongoing credit review of customer accounts. This policy applies to company employees at all locations that are involved in the review and establishment of customer credit, including credit analysts, treasury managers, customer service representatives (CSRs), regional sales managers, business directors, the vice president (VP) of sales and chief financial officers (CFO).

Hourly Payroll Policy

Use the general procedures included in this tool to provide some processing consistency when handling hourly payroll and ensure that adequate standards of internal accounting control are being met. “Internal accounting control,” as defined by generally accepted auditing standards, comprises the plan of organization and the procedures and records that are concerned with the safeguarding of assets and the reliability of financial record.

Immigration Policy (United States)

The purpose of this policy is to comply with the requirements of all applicable immigration laws, including the Immigration Reform and Control Act of 1986, as amended. According to this policy, the company will not knowingly hire or continue to employ undocumented people who are not authorized to work in the United States.


KnowledgeLeader has also published several publications this week.

Principles for Data Recovery From a Severe Cyber Scenario

Financial firms and regulators have a shared interest in recovering critical operations in a safe and effective manner. The principles outlined in this white paper will help firms and regulators determine what is achievable during extreme events and set appropriate risk-based expectations for testing, reporting, resiliency and recovery from extreme events.

The Digital Currency Revolution Is Upon Us. Only the Global Economy Is at Stake

Digital money can vastly increase efficiency through greater speed and reductions in transaction costs, and since it’s not issued by the government but rather ruled by an algorithm, it may be more inclusive and less affected by political considerations. Governments are eager to position themselves for the next stage of the digital revolution in financial services by issuing central bank digital currencies. 

Recommended Resources 

This list of recommended resources from the web may be of interest to you. Click each link to learn more. 

  1. New PCAOB Standard Addresses Confirmation in the Audit
  2. Cybersecurity Budget Increases Fall to 6% in Current Cycle: Weekly Stat
  3. Growing Numbers of Cellular Data Devices in Manufacturing Are Driving Demand for IoT Connectivity Management Solutions