RCM
Manage Data Center Operations: Metadata Management RCM
This document outlines risks and controls common to metadata management in a risk control matrix (RCM) format.
PROCESS FLOW
Pay Change Process Flow
This process flow can be used as a general guide to understand and review the steps in an organization’s pay change/increase process.
GUIDE
Achieving a Robust Data Analytics Program Guide
This tool contains two sample guidance documents that can be used for measuring and improving an organization’s data analytics program.
WORK PROGRAMS
Human Resources Review Audit Work Program
Organizations can use the samples included in this audit work program to measure and improve the effectiveness of their human resources process.
Entity-Level Controls Audit Work Program
This tool includes two sample audit programs that provide steps organizations can take to perform an entity-level controls audit.
Payment Card Industry Audit Work Program
The general steps included in this work program sample can be used by organizations to examine the security of their credit card processing systems.
MODEL
Contract Management Capability Maturity Model (CMM)
This capability maturity model can be used to measure the maturity of an organization’s contract management process and to assist its progress from the initial/ad-hoc state toward the optimized state.
PERFORMER PROFILE
Knowles Corporation: Tuning in Closely to Stakeholder Feedback
In this profile, Simon Ong, chief audit executive at Knowles Corporation, explains how his team’s collaborative approach with stakeholders has helped the company increase resilience.
AUDIT ANALYTICS ARTICLE
PCAOB Inspection Reports for Annually Inspected Firms
Audit Analytics looks at the 2020 inspection reports of annually inspected firms and explores the most common accounting and audit deficiencies.
RECOMMENDED RESOURCES
Don’t Bore the Board: Five CISO Hacks for Highly Effective Presentations
Protiviti suggests five ways CISOs can improve board presentations and provide insightful, relevant communications that the board will value. Source:
blog.protiviti.com
Slow Adoption of Next-Gen Internal Audit Technologies and Skills Poses Risk to Companies, New Protiviti Survey Finds
A look at the results of Protiviti’s 2021 Next-Generation Internal Audit Survey and recommended steps for a road map to a next-generation audit function. Source:
blog.protiviti.com
Boards Embrace Diversely Skilled CFOs
Today's finance chiefs have increasingly followed less traditional routes on their way to the CFO position. Source:
cfo.com
Persevering Through Supply Chain Disturbances
Lumber prices skyrocketed as a result of the pandemic. One homebuilder’s CFO explains how the company navigated those tough and unpredictable waters. Source:
journalofaccountancy.com
KLplus CPE COURSE SPOTLIGHT
Testing Control Design and Operating Effectiveness
This basic-level course defines internal controls, how to test control designs and their operating effectiveness, how to identify exceptions, and how to evaluate and report the results.The completed course is worth 1.4 CPE credits and by the end of the course, you will be able to:
- Identify the definition, characteristics and types of internal controls
- Identify guidelines for testing control design and operating effectiveness
- Identify method for identifying exceptions
- Identify appropriate actions for the evaluations of test results
- Identify how, when and to whom test results should be reported
FEATURED TRENDING TOPIC
Audit Planning
Audit planning was a big trending search topic over the past week. We've published over 100 tools and publications related to audit planning on KnowledgeLeader, so dive in and explore all of the resources available to you!
CCH TAX AND ACCOUNTING - ACCOUNTING RESEARCH MANAGER UPDATES
Weekly Summary of Accounting, SEC and Auditing Developments
- Fair Value – New Edition of GAAP Update Service Discusses FASB Proposal
- Compliance Audits Standards – AICPA’s ASB Proposes Amendments to Compliance Audits Standard
- Digital Assets – New Edition of AICPA’s Practice Aid: Accounting for and Auditing of Digital Assets Published
- Health Care Entities – AICPA Issues New TQA for Health Care Entities on Accounting for Earmarked Free Items
- Service Organization – New Edition of GAAS Update Service Discusses AU-C Section 402
- Audit Reports – Governmental Audit Quality Center Issues Draft Audit Reports for HUD Engagements
- Nonfinancial Assets – New Edition of Governmental GAAP Update Service Discusses
TOP 5 PAGES ON KNOWLEDGELEADER
These were the most popular items on KnowledgeLeader last week:
- Control Self-Assessment Questionnaire
- Accounts Payable RCM
- Enterprise Risk Management Questionnaire
- Change Management Capability Maturity Model (CMM)
- Third-Party Management Oversight Policy