Mon, Feb 12, 2024


The following tools were published on KnowledgeLeader this week:

IT Vendor Management Capability Maturity Model (CMM)

This capability maturity model can be used to measure the maturity of an organization’s IT vendor management process and to assist its progress from the initial/ad-hoc state toward the optimized state. In this sample, an optimized organization’s vendor management standards and criteria are generally established and communicated.

Project Management Office (PMO) Current-State Assessment Report

Identify inefficiencies, execution risks and opportunities for improvement in your project lifecycle processes with this audit report sample. According to this sample, scope management sets a clear initial scope to which projects will be confirmed; risk and issue management identifies program risks/issues and provides a method for project escalation; and communication management provides a managed approach to all program communications and ensures accurate, timely and consistent sharing of information.

Audit Committee Charter

This document contains nine samples that provide guidelines and standards for creating an audit committee charter. The audit committee of the board of directors of a company should assist the board when fulfilling its responsibilities to the company and its shareholders, potential shareholders, the investment community and other stakeholders regarding its oversight of the quality and integrity of the company’s accounting and reporting practices and controls, financial statements and reports, compliance with legal and regulatory requirements, and the independent auditor’s qualifications and independence.

Work Program Guide

This tool contains two guides that outline sample work program fieldwork and administrative steps for a typical audit procedure. Sample steps include collecting and reviewing policies, procedures, organizational charts and other background information; conducting interviews to obtain a detailed understanding of the process; identifying key risk and control points in the process map; and considering preparing more detailed process maps for the critical processes in the audit area. 

Inventory Management Training Guide

This guide focuses on the inventory management process. It includes quick facts on inventory, policies and procedures for inventory valuation and cycle count, performance measures, a sample inventory work program, and sample process interview questions. Inventory quick facts include details on the meaning and benefits of perpetual inventory, accounting for perpetual inventories, items included in inventory and costs to include in inventory valuation. 

Non-Standard Terms Policy

The purpose of this sample policy is to establish a streamlined process to authorize non-standard discounts on products or services or non-standard terms (NST) to end-user customers or channel partners. This sample policy helps to empower the sales organization, serve the company's customers and channel partners, and make the company easy to do business with.


KnowledgeLeader has also published several publications this week.

Generations: What Is the Productivity Potential of Your Multigenerational Workforce?

Protiviti is proud to be collaborating with The Inclusion Initiative at the London School of Economics (LSE) on a three-year study about generations in the workforce. In this report, we asked employees how their manager viewed their productivity at work, including their overall performance, as well as their contributions specific to teamwork, work quality and their ability to deliver work on time. 

Ten Things Foreign Financial Institutions Should Know About Executive Order 14114

On December 22, 2023, when many of us had already started our holiday breaks, President Biden issued Executive Order (EO) 14114. This whitepaper is intended to provide a high-level overview of EO 14114. Given the complexities of sanctions compliance, financial institutions should consult with counsel on specific questions related to the applicability and compliance with EO 14114. 

Q4 2023 IPO Trends

The final quarter of 2023 saw 40 new initial public offerings (IPOs), raising a total of $4.2 billion. This is a slight decline in total IPOs from Q3 but a much larger drop in total proceeds, which decreased by 54% in Q4. In this article, Audit Analytics further examines the decline in total IPOs in the final quarter of 2023. 

Recommended Resources 

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

  1. A CFO Action Plan for 2024
  2. Cybersecurity Risk: Constant Vigilance Required
  3. Transforming Your Talent Management Demands New Skills and a New Way of Thinking