Root Cause Analysis Questionnaire
This updated questionnaire can be used by organizations as a starting point for sourcing the root causes of problems or risks.
IT Change Advisory Board Charter
This updated sample provides key roles and responsibilities for creating an IT change advisory board charter.
Business Continuity Program Charter
This updated sample establishes guidelines for developing a business continuity program charter.
Risk Management Oversight Committee Charter
This updated sample outlines responsibilities and duties for establishing a risk management oversight committee charter.
Network Access Control Devices Policy
The purpose of this sample policy is to ensure that all company network devices and firewalls are properly identified and configured.
NEW WORK PROGRAM
Vulnerability Assessment Audit Work Program
This audit program sample offers best-practice general steps for a vulnerability assessment audit, including key objectives/control questions and their results.
The Three C’s of a Quality Cloud Audit
This article outlines Protiviti's comprehensive cloud audit approach, which is based on leading practices and frameworks created by the CIS.
HOT ISSUE ARTICLES
Helping to Save Lives — FinCEN Takes the Lead in Battling Human Trafficking Amid COVID-19
A look at FinCEN’s recently issued advisory and how finance firms can and should play an important role in detecting human trafficking.
How Firms Can Tackle Technology Risk Blind Spots to Build Resilience
Protiviti’s Ewen Ferguson and Hirun Tantirigama identify common critical technology risks and illustrate what organizations can do to achieve resilient business services.
Internal Controls Planning as Organizations Contemplate a Return to the Office
In this article, we cover three categories of control changes that companies should consider as they plan to resume in-person work.
PREMIUM TOOL OF THE WEEK
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.
Heightened Focus on ESG and Sustainability Demands Equal Oversight of Reporting Reliability
As environmental groups, activists and asset managers step up pressure on major companies to make public commitments to sustainability, leaders in business and government are realizing the urgency and importance of ESG as an enterprise imperative. Source: theiia.org
AICPA’s Financial Reporting Executive Committee Seeks Feedback on Insurance Entities Working Drafts
The AICPA’s Financial Reporting Executive Committee has issued four working drafts of accounting papers for Insurance Entities and is requesting feedback. Source: aicpa.org
Draft Employer’s Payroll Tax Return Incorporates ARPA Changes
A proposed new version of Form 941, Employer’s Quarterly Federal Tax Return, reflects relief provisions of the American Rescue Plan Act. Source: journalofaccountancy.com
FEATURED TRENDING TOPIC
Entity-level control was a big trending search topic over the past week. We've published over 70 tools and publications related to entity-level control on KnowledgeLeader, so dive in and explore all of the resources available to you!
KLplus CPE COURSE SPOTLIGHT
IA Beginner Data Analytics
This training will provide you with a basic understanding of data analytics and the key concepts related to it. It will give you a background and details of Protiviti's approach for performing data analytics. The completed course is worth 1.2 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
- Define data analytics and articulate its value for internal audit projects
- Identify data analytics opportunities
- Describe Protiviti’s approach for performing data analytics
- Understand common terminology and concepts related to data analytics
- Understand key activities and best practices when planning and performing data analytics
TOP 5 PAGES ON KNOWLEDGELEADER
- Private Companies – New Edition of GAAP Update Service Discusses Recent Developments of the FASB Private Company Council
- Digital Assets – 2021 Edition of AICPA Practice Aid on Accounting for and Auditing of Digital Assets Published
- State and Local Governments – New Edition of AICPA Audit and Accounting Guide Published
- Auditing Standards Board – Highlights of AICPA Auditing Standard Board’s March 10, 2021 Meeting Published
- Predecessor Auditors – New Edition of GAAS Update Service Discusses AICPA Proposal
- Accounting Changes – New Edition of Governmental GAAP Update Service Discusses GASB Proposal on Accounting Changes and Error Corrections Proposal
These were the most popular items on KnowledgeLeader last week:
- Data Analytics and Audit Coverage Guide
- Entity-Level Controls Risk Assessment Questionnaire
- Internal Audit and Risk Management: The Basics
- Accounts Payable RCM
- Internal Audit Risk Assessment Questionnaire