Tools

The following tools were published on KnowledgeLeader this week:

Accounts Receivable Credit and Collections Audit Report

Our Accounts Receivable Credit and Collections Audit Report delves into the detailed examination of a company’s accounts receivable and credit and collections processes. The audit was conducted to assess the adequacy and effectiveness of internal controls, identify opportunities for process improvement, and evaluate the company's adherence to established policies and procedures. The report includes various samples, each providing a focused analysis on different aspects of the accounts receivable and collections system. 

Procurement and Accounts Payable Audit Work Program

Our Procurement and Accounts Payable Audit Work Program outlines a structured approach to auditing the procurement and accounts payable functions within an organization. It is divided into multiple samples, each targeting specific areas of the audit process to ensure comprehensive coverage and detailed examination of all relevant procedures and controls. It serves as a guide for audit teams to assess compliance with internal policies, evaluate the effectiveness of implemented controls, and recommend improvements.

Employee and Labor Management Relations Audit Work Program

The objectives of this audit program are to obtain an understanding of the employee and labor management relations process, evaluate the effectiveness and efficiency of the employee and labor management relations process and related internal controls, and evaluate the quality and integrity of information systems supporting the employee and labor/management relations process. The document details specific pre-audit steps, such as conducting planning meetings, reviewing relevant materials, and consulting with HR experts. 

Software Licensure Compliance Audit Work Program

This sample compliance work program for software licensure compliance can be modified for scope considerations that depend on the extent and particulars of the licensing agreement included under review. The program emphasizes the importance of maintaining accurate documentation standards and retention practices, ensuring that software licenses are matched to individual workstations and updated accordingly. It addresses key areas such as responsibility for software licensing, policies on software use, acquisition decisions, vendor selection and efforts to secure the best pricing.

Duplicate Deductions Policy

Detect and rectify duplicate deductions and rebate payments with our policy for retail environments. This tool’s primary purpose is to facilitate the recovery of duplicate customer deductions and payments, ensuring that all such instances are thoroughly investigated according to established procedures. The policy outlines the definitions of various types of deductions, including credit memos, nontrade deductions and trade deductions, which are essential for understanding the context of these financial transactions. 

Publications 

KnowledgeLeader has also published several publications this week.

Internal Audit Benchmarking Trends in Healthcare

The landscape of the healthcare industry continues to rapidly evolve, resulting in a myriad of challenges for the industry’s participants. It is critical that internal audit (IA) functions remain alert and flexible in order to respond to these challenges effectively. In this whitepaper, we discuss the latest IA benchmarking trends in healthcare, helping organizations enhance alignment, improve performance, and deliver greater value. 

Robert Half Execs: Our Focus on Data Security and Privacy Creates Competitive Advantage

As a global company with offices in more than 20 countries, Protiviti recognizes that privacy and data protection are important considerations for creating a competitive advantage by building the trust of its stakeholders, including its employees, clients and candidates. In this VISION by Protiviti interview, Joe Emerson, Protiviti managing director in the security and privacy practice, sits down with three Robert Half executives: Chris Hoffmann, senior vice president and global privacy officer; Emebet Chesley, vice president of global privacy; and Clint Maples, chief information security officer, to discuss the future of data security and privacy.  

Australian Privacy Commissioner Carly Kind Breaks Down New Rules in Australia's Privacy Act

Carly Kind is the privacy commissioner for The Office of the Australian Information Commissioner, an independent national regulator for privacy and freedom of information and government information policy. The OAIC’s responsibilities include conducting investigations, reviewing decisions, handling complaints, and providing guidance and advice. Previously, Kind was director of the Lovelace Institute, an independent research institute and deliberative body with a mission to ensure data and AI work for people and society. In this VISION by Protiviti Interview, Protiviti Director Hanneke Catts sits down with Kind to discuss recent updates to the Australian Privacy Act.  

Recommended Resources 

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

1. Why Salary Transparency Matters for CFOs
2. AICPA Auditing Standards Board Names Creps as Chair
3. Domino’s Looks In-House for Next General Counsel