KnowledgeLeader Content Update

KNOWLEDGELEADER'S TRENDING VENDOR RISK MANAGEMENT TOOLS


1. Technical Support Function Audit Report
This sample audit report can be used by auditors for reviewing and noting opportunities for operational and control improvement with respect to the technical support function.

2. Affiliations Risk Key Performance Indicators (KPIs)
This benchmarking tool lists business risks related to affiliations, shares management practices and performance measures, and provides risk evaluation questions.

3. Channel Effectiveness Risk Key Performance Indicators (KPIs)
This tool highlights key performance indicators and questions organizations should address when measuring channel effectiveness.

4. Sourcing Risk Key Performance Indicators (KPIs)
This tool contains leading practices and questions organizations should consider when evaluating outsourcing risks.

5. Inventory Management Questionnaire
This tool contains two questionnaire samples that can be used for assessing and identifying gaps in a company’s inventory management process.

6. Vendor Assessment Questionnaire
This tool offers vendor assessment report questions to consider for enhancing outsourced operations common to Sarbanes-Oxley (SOX) compliance.

7. Outsourcing, Alliances and Joint Ventures Risk Questionnaire
This tool highlights questions to consider for understanding and assessing an organization’s outsourcing, alliances and joint ventures process.

8. Supply Chain Risk Questionnaire
This sample questionnaire document offers several questions to consider when evaluating supply chain risk.

9. Third-Party Contract Audit Guide
In this guide, we outline the risks and key recommendations associated with the contract management process.

10. Vendor Management Capability Maturity Model (CMM)
This capability maturity model can be used to measure the maturity of an organization’s vendor management process and to assist its progress from the initial/ad-hoc state toward the optimized state.

11. Third-Party Management Oversight Policy
This sample policy is designed to help mortgage companies manage a successful control framework to achieve compliance and adherence with applicable laws.

12. Invoice Approval Policy
This policy sample contains guidelines and procedures employees should follow when using invoice approval forms.

13. Third-Party Access and Usage Policy
This sample policy is designed to help organizations determine whether combined third-party and company systems meet or exceed all security requirements.

14. Vendor Risk Management Policy
This sample policy contains guidelines and procedures employees should follow when overseeing third-party entities.

15. Accounts Payable Policy
This tool contains four sample policies that outline procedures for documenting, recording and issuing payments for accounts payable transactions.

16. 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.

17. Manage Service Contracts: Monitoring Existing Contracts RCM
This document outlines risks and controls common to the monitoring existing contracts aspect of the "manage service contracts" process in a risk control matrix (RCM) format.

18. Manage Service Contracts: Entering Contracts into the System RCM
This tool outlines risks and controls common to the monitoring of existing contracts aspect of the "manage service contracts" process in a risk control matrix (RCM) format.

19. Purchasing Rebates Audit Work Program
This tool includes two sample audit programs that provide steps organizations can take to perform a purchasing rebates audit.

20. IT Vendor Management Audit Work Program
This sample tool contains two work programs that provide general steps organizations should take when conducting an IT vendor management audit.

CCH TAX AND ACCOUNTING - ACCOUNTING RESEARCH MANAGER UPDATES
Weekly Summary of Accounting, SEC, and Auditing Developments

• HHS Audit Requirements – AICPA GAQC Publishes Practice Aid on Auditing For-Profit Entities with PRF and Other HHS Program Funding

TOP 5 PAGES ON KNOWLEDGELEADER
These were the most popular items on KnowledgeLeader last week:

1. Internal Audit Department Key Performance Indicators (KPIs)
2. IT Change Management Process Questionnaire
3. Audit Planning Memo
4. Accounts Receivable Internal Controls Questionnaire
5. Sarbanes-Oxley (SOX) Project Approach Memo