Wed, Sep 6, 2023


The following tools were published on KnowledgeLeader this week:

Request for Proposal: Internal Audit Co-Sourcing/Outsourcing

This tool contains three sample request for proposals (RFPs) that can be used by organizations seeking a qualified service provider to co-source or outsource an internal audit function. It covers questions/clarifications, an introduction, general instructions, a description of work to be performed, required response content and format, copy requirements, and more.

Cash Policy

This tool contains five sample policies that highlight standards and procedures for identifying and using cash and cash equivalents. These samples are designed to preserve principal, meet liquidity needs and deliver a suitable return related to market conditions. Sample procedures covered in these policies include centralizing the cash receipt function and depositing intact cash receipts to the bank daily. 

Non-Routine Transactions Policy

This tool contains two policy samples that establish uniform procedures for identifying and recording a company’s non-routine transactions. In these samples, each plant controller is responsible for identifying non-routine transactions. All non-routine transactions should be formally documented in writing and forwarded to either the corporate controller or CFO upon occurrence.

Financial Document Access Control Policy

This policy outlines procedures to limit access to documents used in creating financial statements. It documents the controls and procedures designed to ensure limited access to, and control of, a company's financial reporting documents used for the preparation and updating of its quarterly and annual public filings with the U.S. Securities and Exchange Commission.

Contingent Liabilities Policy

This document contains two sample policies that provide guidelines and procedures for recognizing and disclosing an organization’s liabilities. This type of policy provides guidance regarding the recognition and disclosure of contingent liabilities. The guidance assures contingencies are recorded and disclosed accurately, completely, timely and consistently. 


KnowledgeLeader has also published several publications this week.

Bayer AG: Maintaining Relevance Through a “Big Picture” Lens

The mission of Bayer’s internal audit and risk management function is to safeguard the company against significant risks and strengthen its path to growth, building on trusted professionals and leading technologies. In this profile, Axel Hamann, Bayer’s Head of Internal Audit and Risk Management, highlights his team’s proactive mindset toward identifying and monitoring emerging threats early in the risk management cycle.

Protiviti Insurance Experts Discuss the Future of Asset Protection in the Metaverse

Read the highlights of a panel discussion on the future of asset protection in the metaverse, hosted by Protiviti insurance experts.

Recommended Resources 

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

  1. Labor Shortages Challenge Supply Chains to Automate While Retaining Employees and Their Trust
  2. CFOs Have "Opportunity to Have an Impact" Through Strong Leadership
  3. Preventing Fraud With Internal Controls: A Refresher