Tools
The following tools were published on KnowledgeLeader this week:
Treasury Risk Management Capability Maturity Model (CMM)
This capability maturity model can be used to measure the maturity of an organization’s treasury risk management process and to assist its progress from the initial/ad-hoc state toward the optimized state. In this sample, an optimized organization’s treasury processes are integrated and effective.
Sarbanes-Oxley Compliance and Disclosure Timeline Guide
This sample document can be used as a general guide to help companies comply with the Sarbanes-Oxley Act of 2002 pursuant to a public debt offering. Major tasks include conducting a quantitative and qualitative risk assessment using recent financial data and limited subjective assessment of financial account and identifying controls and processes where self-assessment can be utilized.
Procurement Card Audit Work Program
This tool contains two sample work programs that highlight general steps organizations should follow when conducting a procurement card (p-card) process audit. Audit steps addressed in these programs include determining that spending limits have been established for both individual and total purchases.
Banking/Financial Institution Account Policy
This tool contains two sample policies that establish guidelines for a company’s activities related to opening, closing and maintaining financial institution accounts. In these samples, Treasury should establish and maintain written policies and central control procedures related to opening, closing and maintaining financial institution accounts.
Energy Conservation Policy
The purpose of this sample policy is to ensure, encourage and enable the reduction of energy use by a company and its customers. This policy applies to all personnel. In this sample, the company will adopt practices that reduce the amount of energy consumed in its operations and permits customers to reduce the amount of energy consumed while using its products.
Environmental Protection Policy
This policy ensures that all controlled and identified materials used in operations are properly managed to comply with laws and regulations and to minimize harmful effects on the environment. This policy applies to all environmentally controlled substances, subject to federal and municipal guidelines and legislation, as well as any international environmental policies required where doing business.
Publications
KnowledgeLeader has also published several publications this week.
Procurement Transformation Fuels Supply Chain Resilience
Procurement resilience is a critical capability and enabler of organizations looking to achieve broader operational and supply chain resilience. This whitepaper highlights the key steps procurement leaders, senior executives and boards of directors should take to adapt procurement practices for a post-pandemic world.
The Metaverse: The Dawn of a New Generation of Capabilities
The metaverse has the potential to be a disruptive, expansive and transformative force, even to the point of spawning its own economy. In this issue of Board Perspectives, we offer five steps boards can take to wade into the shallow end of the metaverse investment pool rather than jump headfirst into the deep end.
Recommended Resources
This list of recommended resources from the web may be of interest to you. Click each link to learn more.