Tools

The following tools were published on KnowledgeLeader this week:

Quarterly Compliance Assessment Audit Report

Our Quarterly Compliance Assessment Audit Report is an essential tool for evaluating and ensuring adherence to established compliance policies and procedures within your organization. This document provides a robust review of various key areas, including anti-money laundering (AML), whistleblowing, custody, insurance and the code of ethics. By conducting thorough testing and validation of these areas, the report helps identify any deficiencies or enhancement opportunities, allowing management to implement corrective action plans.

Fixed Assets Audit Work Program

The six work program samples included in this tool highlight detailed procedures to consider when facilitating a fixed assets audit. Sample 1 of the Fixed Assets Audit Work Program focuses on ensuring that fixed assets are accurately capitalized, depreciated and accounted for to maintain the integrity of financial statements. This section emphasizes the importance of having clear policies for classifying items, determining their useful lives and calculating depreciation. Key tasks include reviewing acquisition accounting, understanding capitalization, and verifying the existence and utilization of assets. 

Sarbanes-Oxley Documentation Review Audit Work Program

Our Sarbanes-Oxley Documentation Review Audit Work Program can be used to evaluate the adequacy and effectiveness of documentation related to SOX Section 404 compliance. This tool facilitates a thorough understanding of the process, controls, risks and key roles involved in maintaining compliance. You can expect to benefit from detailed guidance on project planning, execution and reporting, which ensures that all process maps and risk and control matrices (RCM) are accurately updated and reviewed. 

Conflict-of-Interest (Trust Company) Audit Work Program

Our conflict-of-interest audit work program ensures trust company ethics and fair securities trading. This document provides a structured framework that outlines specific audit objectives and detailed procedures to ensure that trust companies manage conflicts of interest appropriately. It includes checks on whether employees adhere to the company’s code of ethics, whether transactions are authorized and conducted transparently, and whether fees charged are fair and comparable to those charged to other customers.

Child Care Audit Work Program

This audit program sample is designed to assist organizations in evaluating and auditing their child care programs and reimbursement processes. This tool outlines detailed procedures for understanding the company's child care offerings, including on-site or near-site facilities and the associated reimbursement policies. It includes steps to verify formal documentation, assess eligibility requirements, and ensure compliance with state regulations and IRS rules for dependent care FSA reimbursements.

Estimate-at-Completion Policy

Explore the guidelines and methods established by our Estimate-at-Completion Policy for accurate revenue recognition and project profitability assessments. It highlights the policies and procedures for measuring estimates at completion (EAC), ensuring that projects' financial health is accurately reflected in the company's income statement. The document delineates risk factors and significant events impacting project outcomes, offering a structured approach to evaluating financial transactions linked to operational risks.

Publications 

KnowledgeLeader has also published several publications this week.

CFOs’ Risk Outlook—The Economy, Cyber and Talent Are Top Concerns

Economic conditions and inflationary pressures, followed by cyber threats and rising labor costs, are the top near-term concerns for finance chiefs, according to the 2025 Executive Perspectives on Top Risks global survey. Interrelated market forces, including deglobalization, tariffs and trade barriers, and geopolitical tensions highlighted by U.S.-China relations, are contributing to economic uncertainty. Take a closer look at how CFOs can navigate the anticipated shifts and volatility in business conditions over the next decade. 

Recommended Resources 

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

1. CPA Requirements by State
2. Your AGM, Your investors, Your engagement: Bringing Them Together for a Successful Governance Program
3. Pathway to 150 Hours Enters Year Two With Positive Reviews