Mon, Feb 19, 2024


The following tools were published on KnowledgeLeader this week:

New Disclosures Policy

Under this policy, new disclosable items are identified with sufficient lead time to allow for proper assignment of responsibility, efficient and effective data gathering and processing, and streamlined companywide comprehension and consensus. This is intended to enhance the completeness and accuracy of information reported in quarterly SEC filings. This New Disclosures Policy is intended to facilitate the early detection and disclosure of reportable items to the SEC and to improve the efficiency and effectiveness of compliance efforts. 

Order Management Policy

In this sample, all customer orders will be processed in an efficient and organized manner in order to ensure accurate and prompt shipments. Upon receipt of a customer purchase order (PO), it is the customer service team’s responsibility to ensure that the PO is from a valid customer. This policy outlines procedures to be followed by the customer service team when processing orders. It summarizes the preparation of documents, paperwork flow, and responsibilities of individuals and departments when processing sales orders.

Self-Assessment Sample Session Guide

It also includes a discussion document that can be used to facilitate a business self-assessment meeting. This sample shows the types of discussions that occur in business self-assessment meetings and includes a meeting agenda, an initial map of business process risks, a map of risks vs. controls, topics to discuss, best practices in foreign exchange management and creative ideas for people issues. This self-assessment session guide investigates possible process improvements for the foreign exchange (FX) process.

Interview Essentials Guide

This tool contains two guides management can use to understand the essential components of the interview process and to prepare to conduct an interview. Interviewing is a critical skill. Internal auditors use diagnostic interviewing to understand the client’s business process and communicate with a variety of personnel. In a diagnostic interview, dialogue or conversation occurs rather than a question-and-answer session; questioning techniques are applied that encourage the interviewee to elaborate on information points, allowing analysis beneath the surface.

Compensation Committee Charter

This document contains three samples that provide guidelines for creating an organization's compensation committee charter. Sample tasks of the compensation committee include reviewing and evaluating its performance, reviewing and reassessing the adequacy of this charter, making regular reports to the board, forming and delegating authority to subcommittees when appropriate.

Purchase-to-Payment Audit Report

Evaluate your organization’s internal control environment and identify opportunities for internal control and process improvements with this audit report sample. A summary of potential opportunities for enhancements noted during this review is included in this sample.

IT Asset Management Capability Maturity Model (CMM)

This capability maturity model can be used to measure the maturity of an organization’s IT asset management process and to assist its progress from the initial/ad-hoc state toward the optimized state. In this sample, an optimized organization’s processes are fully integrated into other IT management processes.


KnowledgeLeader has also published several publications this week.

Aiming for Impact, Ripple CBDC Lead Says Proliferation of Digital Currencies Not to Be Feared

As part of the VISION by Protiviti webinar, “Exploring an Uncertain Future of Money,” Lata Varghese, managing director in Protiviti’s technology consulting practice and digital assets and blockchain practice leader, interviewed Ross Edwards, senior director of client solutions and delivery, CBDC for Ripple. What follows is part of their discussion on CBDCs, technology, regulation and infrastructure in a digital future and a few key findings of the Protiviti-Oxford Executive Outlook on the Future of Money research report. 

The Value Internal Audit Brings to an Organization

Organizations expect a return on their investment in the internal audit (IA) effort - a return that covers a range of values that IA brings to an organization in several functional areas.  IA adds value through its deep insight into the organization, objectivity with which the organization's culture is viewed, a system of internal control and risks.

2024: Global Sanctions Outlook for Financial Institutions

For global financial institutions, sanctions compliance in 2023 was focused on Russia, China and terrorist organizations, specifically Hamas and Hezbollah. Each of these sanctions programs differs in size, reach, complexity and participation. We are living in unsettled and unsettling times. For sanctions practitioners, this means that 2024 will be another challenging year. This whitepaper is intended to provide a high-level overview of the current sanctions landscape and the developments we might expect to see in 2024.

Recommended Resources 

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

  1. Talent, Culture and Disruption Are Top-Ranking Risks for CFOs, Survey Shows
  2. 40% of Mid-Market CFOs Say Economic Volatility Is Greatest Risk
  3. What AI Can Do for Auditors