2021 IT Audit Benchmarking Survey
Cybersecurity, privacy, data and resilience dominate the top technology challenges for organizations, according to the annual ISACA/Protiviti global survey of IT audit leaders and professionals.
Social Media Policy
This sample policy establishes standards and procedures employees should follow when engaging in social media networking.
IT and Telephony Systems Acceptable Use Policy
This sample policy outlines guidelines and procedures common to proper use of a debt manager’s IT and telephony equipment.
Accounts Payable Invoice Audit Work Program
This sample audit program contains questions to consider when reviewing an organization’s accounts payable and invoice processing function.
Treasury Review Audit Report
This tool contains two sample audit reports that can be used to communicate the results of an audit of an organization’s treasury review process.
Close-the-Books Process Flow
This tool includes two sample process flows that can be used as a general guide to understanding, reviewing and mapping the close-the-books process.
HOT ISSUE ARTICLES
Data Privacy Isn’t Just One and Done: How to Stay on Top of Changes and Ensure Ongoing Compliance
Here, we provide an overview of recent data privacy regulations and explain steps organizations must take to operate an effective data privacy program.
CECL and the AICPA Practice Aid (Part 4): Modeling Considerations and COVID-19
Part 4 of our AICPA Practice Aid highlights the pandemic’s impact on loss models and provides key considerations finance firms can use to optimize model performance.
TopBuild Corp.: Installing an Analytics Champion
In this profile, TopBuild Director of Internal Audit and Chief Audit Executive Ninette Lewis shares how advanced analytics drive her team’s innovation.
Adjusting Internal Audit Priorities in Healthcare Organizations
This white paper covers three areas of focus, two related to the healthcare industry-specific results from the 2020 Next Generation of Internal Auditing Survey and one looking at the current state of healthcare internal audit functions.
AICPA White Paper Tackles Blockchain and SOC for Service Organization Reports
The AICPA's new white paper helps practitioners perform SOC for Service Organization reports on companies that use blockchain to deliver customer service. Source: journalofaccountancy.com
10 Internal Audit Thought Leaders of 2020
Richard Chambers shares his take on a list of 10 thought leaders who had the most impact on internal audit in 2020. Source: theiia.org
Developing a Strong Fraud-Mitigation Program
This article recommends six practices that can aid in creating an efficient fraud-mitigation plan. Source: journalofaccountancy.com
KNOWLEDGELEADER'S GREATEST HITS
AR and Cash Application Process Flow
This process flow focuses on the AR and cash application process.
FEATURED KLplus CPE TRAINING COURSE
Analytics Literacy for Business Professionals
This course covers the benefits of building your analytics literacy, as well as techniques for doing so. The completed course is worth 0.5 CPE credits and by the end of the course, the learner will be able to:
CCH TAX AND ACCOUNTING - ACCOUNTING RESEARCH MANAGER UPDATES
Weekly Summary of Accounting, SEC, and Auditing Developments
- Discover the subject areas that will be covered in this course
- Recognize the benefits of building your analytics literacy
- Distinguish between types of analytics
- Sequence the four steps in the analytics development process
- Identify the stages of business analytics application advancement
- Recognize the most common mistakes in using analytics
- Recognize best practices for establishing and supporting an analytical organizational culture
TOP 5 PAGES ON KNOWLEDGELEADER
- Checklist – New Edition of Summary Checklist of Recent Authoritative U.S. Accounting Standards Updated for ASU 2021-01
- Going Concern – IFRS Foundation Publishes Education Materials on Going Concern Disclosures
- Inflation – New Edition of Inflation Rates for Judging Whether an Economy Is Highly Inflationary Interpretation Published
- Third-Party Assessment Engagement – AICPA Issues Guidance for Practitioners Performing Third-Party Assessment Engagements
These were the most popular items on KnowledgeLeader last week:
- Entity-Level Controls Risk Assessment Questionnaire
- Internal Audit and Risk Management: The Basics
- Internal Audit Risk Assessment Questionnaire
- Performance Measures Guide
- AR and Cash Application Process Flow