BENCHMARKING TOOL
Cash Flow Management Leading Practices
This tool features several leading practices to assist with measuring and improving an organization’s cash flow management process.
MODEL
Enterprise Resource Planning Capability Maturity Model (CMM)
This capability maturity model can be used to measure the maturity of an organization’s ERP management process and to assist its progress from the initial/ad-hoc state toward the optimized state.
UPDATED AUDIT REPORT
Physician Contract Compliance Review Audit Report
This sample audit report focuses on the effectiveness of a healthcare organization’s physician contracting and payment processes.
UPDATED QUESTIONNAIRES
IT Application Security Questionnaire
This sample questionnaire is designed to monitor and enhance an organization's IT application security process.
Data Conversion Compliance Questionnaire
This questionnaire provides an outline for reviewing documentation associated with a data conversion. Sections of the questionnaire include template review observations, documentation review observations, compliance recommendations and compliance ratings.
System Development Lifecycle Questionnaire
This sample questionnaire serves as a pre-implementation checklist and covers key SDLC areas and points that should be considered by the project manager and project team.
Public Company Readiness Questionnaire
This questionnaire focuses on certain aspects of the IPO preparation process and specific areas management should address, including common financial reporting challenges, the close process, Sarbanes-Oxley compliance and IT infrastructure.
UPDATED GUIDE
Inventory Management Training Guide
This guide focuses on the inventory management process, including quick facts on inventory, policies and procedures for inventory valuation and cycle count, performance measures, a sample inventory work program, and sample process interview questions.
Self-Assessment Sample Session Guide
This sample provides a discussion document that can be used to facilitate a business self-assessment meeting.
ARTICLE
Skills and Scale: Why Emerging Companies Must Innovate How They Resource Back-Office Functions
By sticking with a reactive, hire-or-outsource approach to staffing the finance and accounting function, emerging companies are limiting their growth potential. Leaders should recognize the benefits of the new labor model outlined in this paper.
AUDIT ANALYTICS ARTICLE
Considering Internal Whistleblower Systems When Evaluating External Risk
In this article, Audit Analytics outlines the importance of assessing an internal whistleblower system when evaluating the risk for future fines or litigation.
HOT ISSUE ARTICLES
Advanced Data Mining Technologies and AI Can Aid Firms’ Transition from LIBOR to Alternative Risk-Free Rates
In this article, Protiviti Managing Directors Douglas Wilbert and Todd Pleune explain how replacing the LIBOR rate affects an organization and describe the key implications the transition to risk-free rates has on firms and the financial market.
Who Is Watching the Bots? Part One: RPA Governance
This article explains how robotic process automation (RPA) at scale requires good governance to enable success while helping to mitigate associated risks.
Emerging Companies and Innovation for the Back Office
This article discusses innovative strategies an organization can apply to the back office to secure a flexible and agile team that fully supports its business vision.
KNOWLEDGELEADER BLOG POST
A Compliance Perspective to Risk Assessment
For compliance risks, in lieu of mindless guesswork on probabilities, companies should consider the effects of noncompliance events in terms of the factors listed in this week's blog post. It explores the compliance perspective of a risk assessment.
FEATURED RCM
Manage and Administer Benefits: Adoption Assistance RCM
This document outlines risks and controls common to the adoption assistance component of the “manage and administer benefits” process in a risk control matrix (RCM) format.
FEATURED LINKS
FaceApp Puts Privacy Back Under Spotlight
This article addresses concerns surrounding the FaceApp application, which requires that users grant its developers full and irrevocable access to their images and associated data. Source:
isaca.org
Are Companies Capitulating on Cybersecurity Risks?
In this article, the author revisits the importance of internal audit's relationship with IT leaders and the value in understanding cyber culture. Source:
theiia.org
CCH TAX AND ACCOUNTING - ACCOUNTING RESEARCH MANAGER UPDATES
Weekly Summary of Accounting, SEC, and Auditing Developments
- FASB Standards – FASB Seeks Public Comment on Proposal to Delay Effective Date for Private and Certain Public Companies
- Regulation S-K – SEC Publishes Technical Correction on Previously Issued Final Rule
- Regulatory Reform – SEC Commissioner Hester M. Peirce Discusses Regulatory Reform
- Public Accounting Report – PAR Professors Survey 2019 Part 1: Academic Accounting Rankings
- Engagement Standards – 2019 Edition of Engagement Standards Attestation Engagements-PCAOB Published
- Less Complex Entities – 2019 Edition of Knowledge-Based Audits Published
- Public Accounting Report – PAR Professors Survey 2019 Part 1: Academic Accounting Rankings
- Portfolio Company Investments – AICPA Accounting and Valuation Guide Published
- Professional Standards – GAO Issues Professional Standards Update No. 74
- Public Accounting Report – PAR Professors Survey 2019 Part 1: Academic Accounting Rankings
TOP 5 PAGES ON KNOWLEDGELEADER
These were the most popular items on KnowledgeLeader last week:
- FASB Proposes Delays to Effective Dates for Four Major Accounting Standards
- IT General Controls Questionnaire
- Manual Journal Entry Review Policy
- Inventory Policy
- Audit Rating Guide