The KnowledgeLeader Blog
The KnowledgeLeader Blog is your resource for staying up to date on the latest hot topics in internal audit and risk management. Sign up to join the list and be the first to know about new content!
What is Process Accounts Receivable, Credit and Collections?
In recent blog posts, we’ve discussed KPIs for various processes and even gave a concise description of what they are (see Guide to Managing Mergers and Acquisiti...
Key Performance Measures for Improving the Internal Audit Process
An effective business process is built on a set of well-defined and clearly stated business objectives. These key objectives articulate the ideal performance resu...
Internal Audit: How to Guarantee an Increase in Performance
WHAT IS AN INTERNAL AUDIT?The internal audit function’s position within a company is unique. It provides its principal stakeholders (audit committee members and m...
How Are You Monitoring Your Project Management Risk?
Project management risk is significant because of its lasting implications. By definition, a project is a “temporary endeavor undertaken to create a unique produc...
Fraud Detection Red Flags
Corporate fraud, employee theft, insurance scams/workers compensation fraud, employer fraud, forgery/falsified documents and even money laundering are all example...
Risk Oversight: How to Be Aware of Emerging Business Risks
Given the dynamic environment, the audit committee should take a close look at the company’s risk profile at least annually. Ideally, this review should be suppor...
Disclosure Controls and Procedures: Key Facts You Need to Know
The SEC introduced “disclosure controls and procedures” as a new term in its initial August 29, 2002, release following the enactment of Sarbanes-Oxley. Disclosur...
How to Effectively Audit Fixed Assets
Auditing fixed assets is extremely important to ensure that accounting for capital assets and depreciation is in compliance with management’s objectives. Knowledg...
What Is IT Audit?
It is common to find organizations investing more and more resources – money, time, staff, etc. – these days in technology. Consider a relatively small ...
What is Transaction Authenticity?
What Is Transaction Authenticity?"Transaction authenticity" can be defined as the authentication of a party’s (individual, organization) identity, to ensure that ...
