Tools
The following tools were published on KnowledgeLeader this week:
Shipping and Receiving Audit Work Program
This document provides three sample audit work programs for the shipping and receiving process, focusing on the importance of identifying shipping and receiving process improvement opportunities. Audit steps include: obtain a copy of the company’s shipping and receiving policies and procedures; review procedures prior to beginning fieldwork; draft any questions that may be asked during interviews and while processing mapping.
Disaster Recovery Audit Work Program
Organizations perform disaster recovery risk assessments to identify threats and risks that could make them vulnerable to business interruptions. This tool includes four separate work program samples that can be used to build a comprehensive disaster recovery audit program.
Manual Journal Entry Review Policy
This tool contains three policy samples that establish guidelines and procedures that must be followed with respect to an organization's manual journal entry review process. Sample procedures include: manual journals that are based on judgment or subjectivity are reviewed in full irrespective of their financial value by an independent person.
Corporate Governance Policy: Shareholder Meetings
In this sample, annual shareholder meetings shall be held within six months of the end of each fiscal year. This policy simplifies and clarifies the essential elements of shareholder meetings. It applies to shareholders, the board of directors and all staff working on shareholder relations.
Corporate Governance Policy: Relationship With Internal Auditors
The procedures apply to all external and internal communication that uses the corporate image, including logos, business cards, letterhead and other media. This policy helps to ensure that all internal and external communication reflects a corporate image that is consistent and preserves and builds the value of the corporate brand.
Publications
KnowledgeLeader has also published several publications this week.
The Top Risks for the Next Decade: A Global Perspective (2023)
This issue of Board Perspectives summarizes nine key takeaways from the survey and ranks the highest-rated risk themes in order of priority. The results from Protiviti’s Executive Perspectives on Top Risks in 2023 and 2032 Survey captures insights from 1,304 C-level executives and directors across multiple industries, with broad geographic representation.
2021 Auditor Market Share of Insurance Companies
In this analysis, Audit Analytics takes a closer look at the audit firm market share of insurance companies broken down by different business lines. Since all insurance laws and regulations are established individually by the state, the National Association of Insurance Commissioners (NAIC) was organized to coordinate standards and regulations nationwide.
Sustainability Strategist: By 2030, We’ll Know What Cities Will Be Unlivable
Andrew Winston is a globally recognized expert on megatrends and how to build resilient, profitable companies by helping people and the planet thrive. He is one of the most widely respected strategists and speakers on sustainable business in the world and was selected for Thinkers50 Radar list of “30 thinkers to watch in 2020,” a global ranking of top management thinkers.
Sarbanes-Oxley Section 302 Executive Certifications: The Importance of Maintaining Compliance
In our latest blog post, we explore Section 302 of the Sarbanes-Oxley Act and offer steps you can take to complete a SOX Section 302 risk assessment.
Recommended Resources
This list of recommended resources from the web may be of interest to you. Click each link to learn more.
- ChatGPT’s Impact on CFOs: What is AI’s Limit in Replacing Humans?
- Stop Kicking the Can: Why Companies Must Think Long Term to Solve Supply Chain Challenges
- Five Tips to Secure Your First Role in Compliance