Getting More from Internal Audit in the Digital Age
This issue of Board Perspectives: Risk Oversight
focuses on two questions: Is internal audit adjusting quickly enough to innovate and embrace underlying technologies, and should the board care?
Payroll and HR Leading Practices
The payroll and HR processes focus on managing employee performance and compensation practices within an organization. This tool features a number of leading practices to assist with process improvement.
Financial Reporting Capability Maturity Model (CMM)
This capability maturity model can be used to measure the maturity of an organization’s financial reporting process and to assist its progress from the initial/ad-hoc state toward the optimized state.
Audit Committee Quarterly Update Report
This sample audit committee quarterly report includes a summary of internal audit activities completed and in progress, an internal audit/SOX timeline, a walkthrough/interim testing timeline, and a goals update.
UPDATED AUDIT REPORT
Payroll and Human Resources Review Audit Report
This sample audit report focuses on the payroll and human resources functions within an organization’s key executive retention program (KERP).
Financial Close Process Questionnaire: Upload Data From the General Ledger to the Consolidations System
This questionnaire focuses on the financial close process, specifically the part of the process when data is uploaded from the GL to the consolidations system. The document includes a process description, key risks, expected key controls and key questions to ask during this process review.
Sales Planning and Forecasting Process Appraisal Questionnaire
This questionnaire sample includes questions that can be addressed when evaluating an organization's sales planning and forecasting processes.
Data Governance Questionnaire
This sample questionnaire can be used by a company to gain understanding of the business definition of specific data elements, the way those elements are used within specific business processes across the enterprise, the individual systems or databases that house the elements, and any business roles or transformations that occur on the data.
AUDIT ANALYTICS ARTICLE
Could SEC Charges Have Been Predicted for GT Advanced Technologies?
In this article, Audit Analytics explains exactly what led to the SEC’s recent charges against GT Advanced Technologies and the red flags that showed signs of trouble along the way.
HOT ISSUE ARTICLES
Proactive ESG Reporting Could Give Energy and Utilities Firms a Competitive Advantage
In this article, Protiviti’s Tyler Chase and Bob Hirth offer reporting tips that can lead to positive bottom-line results for energy and utilities companies — namely, more customers and higher revenues.
Insurance Accounting Changes Are Coming Globally, and a Coordinated Approach Is Best
This article takes a look at the latest guidance on long-duration insurance contracts and what insurers should be doing now to ensure a smooth and efficient transition.
Chief Risk Officers on the 2019 Risk Landscape: Keep Calm, Carry On
Protiviti Managing Director Matthew Moore discusses the risks that proved to be top-of-mind for CROs in our 2019 Executive Perspectives on Top Risks survey.
KNOWLEDGELEADER BLOG POST
How to Develop an Effective Code of Conduct
As many organizations already understand, a formal, written code of conduct is critical in order to transform ethical behavior into something more tangible for employees. This week's blog post explores how to develop an effective code of conduct at your company.
@ISACA Volume 10
This edition of ISACA's newsletter covers the backwaters of technology, technology organizations' commitment to women in leadership roles, and using DNS to secure the cloud. Source: isaca.org
Did the "Watchdog" Bark Too Much in Glendale, Ariz.?
One of the highlights from each year's International Internal Audit Awareness Month is the numerous public proclamations promoting the profession. This article describes the case study of Glendale, Ariz, where city leaders voted recently to eliminate the long-established internal auditor position and replace it with an outside contractor. Source: theiia.org
FEATURED KLplus CPE TRAINING COURSE
Implementing Continuous Auditing
Continuous auditing is a method used to perform control and risk assessments automatically on a more frequent basis. Learn a methodology for implementing continuous auditing along with critical success factors. The completed course is worth 1.5 CPE credits, and by the end of the course, the learner will be able to:
KNOWLEDGELEADER'S GREATEST HITS!
Enterprise Risk Management Questionnaire
- Define continuous auditing and how it differs from continuous monitoring
- Identify the benefits of continuous auditing and possible pitfalls if not properly implemented
- Identify the steps in implementing continuous auditing: Plan; Acquire & Validate; Test & Report; and Maintain
This questionnaire can be used when analyzing an organization’s enterprise risk management strategy.
CCH TAX AND ACCOUNTING - ACCOUNTING RESEARCH MANAGER UPDATES
Weekly Summary of Accounting, SEC, and Auditing Developments
TOP 5 PAGES ON KNOWLEDGELEADER
- Not-for-Profit Entities – New Edition of AICPA’s Best Practices in Presentation and Disclosure for Not-for-Profit Entities Published
- Conduit Debt Obligations – GASB Revises Standards to Improve Reporting of Conduit Debt Obligations
- Office of Management and Budget – Draft Version of Compliance Matrix Changes Summary Published
These were the most popular items on KnowledgeLeader last week:
- Internal Audit Performance Measures Key Performance Indicators (KPIs)
- Entity-Level Controls Risk Assessment Questionnaire
- Inventory Policy
- AR and Cash Application Process Flow
- Internal Audit Qualitative Diagnostic Questionnaire