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Newsletter

How Does Your Company Measure Up Against Digital Leaders?

This issue of Board Perspectives: Risk Oversight discusses five levels of digital maturity: digital skeptic, digital beginner, digital follower, digitally advanced and digital leader.

RCM

Purchase Materials and Supplies: Monitor Contract Spend RCM

This document outlines risks and controls common to monitoring contract spend during the “purchase materials and supplies” process in a risk control matrix (RCM) format.

Work Program

Procurement Card Audit Work Program: Sample 2

This sample work program outlines an effective audit of a company’s p-card program, including the following process areas: policies and procedures, card provisioning, card use, card deactivation, system administration and change management.

Updated Audit Report

Billing and Credit Memo Process Review Audit Report

This sample audit report focuses on the customer billing and credit processes for invoices and credit memos.

Updated Benchmarking Tool

Data Analytics by Business Process

This tool lists sample data analytics that can be run for common business processes, including procure-to-pay, order-to-cash, human resources, inventory and finance.

Updated Guides

Process and Activity-Level Controls Assessment Guide

This sample document can be used as a guide to assessing controls at the process or activity level.


Sarbanes-Oxley 404 Compliance Project Testing and Documentation Standards Guide

This guide can be used by Sarbanes-Oxley project teams to test Section 404 key controls and document the testing results.

Article

Five Reasons for Conduct Risk Failures — With One Shared Cause

In this white paper, we analyze the root causes of conduct risk failures, focusing on five specific but interconnected areas.

September 16, 2019

Hot Issue Articles

FASB Proposes Delaying New Lease Standards for Private Companies, But There’s No Time to Waste

This article summarizes the lease accounting standard pressures organizations face and offers a step-by-step process for tackling the implementation process.


Compliance 2.0: Transforming SOX Practices With Technology

This article describes a new technology-driven SOX model, SOX compliance 2.0, and its ability to encourage innovative thought into an organization’s audit process to deliver improved results and maintain next-generation internal audit.

Featured Links

Can Chief Audit Executives Wear Multiple Hats?

This article describes how combined responsibilities work for CAEs who serve in multiple roles, including head of compliance, and addresses what internal audit experts think of combining audit with compliance and other jobs. Source: internalaudit360.com


​FASB Proposes Guidance to Ease Transition to New Benchmark Rates

This article analyzes the guidance proposed in response to an FASB project launched late last year to address potential accounting challenges associated with the expected move of global capital markets away from interbank-offered rates. Source: journalofaccountancy.com

Featured KLplus CPE Training Course

Business Writing: Editing and Proofreading

This course describes how to edit and proofread effectively, covering key areas, such as tone, structure, clarity, and accuracy, as well as common grammar, punctuation, and spelling mistakes to watch out for. The completed course is worth 0.5 CPE credit.

KnowledgeLeader's Greatest Hits!

Treasury and Cash Management Process Flow: Sample 1

When cash flows are improperly monitored and adequate controls to prevent fraud and misstatements aren’t in place, there is a large amount pervasive business risk. This process flow focuses on the treasury and cash management processes and provides controls to mitigate risks.

CCH Tax and Accounting - Accounting Research Manager Updates

Weekly Summary of Accounting, SEC, and Auditing Developments

KnowledgeLeader Blog
KnowledgeLeader Blog

How to Achieve Remarkable Value From Internal Audit in the Digital Age

This week's blog post explores internal audit and how to achieve value in the digital age.   Read More...

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