ANNOUNCEMENT
Participate in ISACA and Protiviti’s Benchmarking Survey: Top Technology Risks in 2021
Protiviti has partnered with ISACA® on the benchmarking survey IT Audit Perspectives: Top Technology Risk in 2021. The results will be published in Q4 2020 of this year and will help auditors gain valuable and important insight into the technology risks most likely to impact 2021 audit plans across geographies, industries and company sizes.
NEW UNIVERSITY PROJECT
Creating, Maintaining and Analyzing a Database: Goals and Questions and Handout Templates
The objective of this project is to teach students to help a company make better business decisions through data analysis.
CHARTER
Compensation Committee Charter
This document contains three samples that provide guidelines for creating an organization's compensation committee charter.
AUDIT REPORT
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.
WORK PROGRAMS
Hotel Accounts Receivable and Credit Review Audit Work Program
This sample document can be used by auditors for conducting a hotel or hospitality property’s accounts receivable and credit areas functions audit.
Procurement Card Audit Work Program
This tool contains two sample work programs that highlight general steps organizations should follow when conducting a procurement card (p-card) process audit.
Monitoring Entity-Level Controls Audit Work Program
This document contains two sample programs that include general steps organizations can use when performing an entity-level controls audit.
AUDIT ANALYTICS ARTICLE
Going Concerns Related to Unknown COVID-19 Impacts
Audit Analytics reviews the audit opinions of SEC-registered public companies that have been significantly impacted by the COVID-19 pandemic.
HOT ISSUE ARTICLES
Operational Resilience: Measuring Impact Tolerance the FAIR Way
This article explains how the Factor Analysis of Information Risk (FAIR) methodology can help organizations determine what actions they can take to remain within impact tolerance.
Leading Remote Teams in Times of Uncertainty
This article provides a checklist with leading practices and tips for organizations looking to develop more effective remote work arrangements.
FEATURED LINKS
COBIT 2019 and the IIA 2019 Guiding Principles of Corporate Governance: Two Frameworks, Many Similarities
This article explains the similarities between COBIT 2019 and the IIA's Guiding Principles of Corporate Governance. Source:
isaca.org
COVID-19 Demands Audit Committee Effectiveness: Six Recommendations
Richard Chambers offers six recommendations for optimizing the audit committee's role in governance, oversight and long-term value creation during COVID-19. Source:
theiia.org
Pandemic-Related FAQs for Health Care Entities
Health care entities’ financial statement preparers and auditors can benefit from this FAQ document on issues related to the coronavirus pandemic developed by the AICPA. Source:
journalofaccountancy.com
Understanding the Roots in Internal Audit's Response to COVID-19
Richard Chambers describes internal audit’s value in adapting to organizational needs as part of pandemic responses. Source:
theiia.org
DID YOU KNOW?
Compliance Topic
KnowledgeLeader has over 415 tools and publications related to compliance in our database, and they are all right at your fingertips. Check out our Compliance Topic Page to explore all of the compliance content available to you.
FEATURED KLplus CPE TRAINING COURSE
Design Thinking for Innovation: Defining Opportunities
In this course, you will learn how to translate data into actionable insights and define opportunities through tools. The completed course is worth 0.5 CPE credits, by the end of the course, the learner will be able to:
- Discover the subject areas that will be covered in this course
- Recognize the three key aspects of a constructive mindset
- Sequence the steps for creating experience maps
- Distinguish between POD tool categories
- Recognize the benefits of using affinity clustering in design thinking
- Identify the key elements of the actionable insight formula
- Recognize examples of effective opportunity statements
- Knowledge Check: Using Insights to Define Opportunities
CCH TAX AND ACCOUNTING - ACCOUNTING RESEARCH MANAGER UPDATES
Weekly Summary of Accounting, SEC, and Auditing Developments
- Interest Rate Reform – IASB Issues Phase 2 of Interest Rate Benchmark Reform
- Material Misstatements – AICPA Proposes Standard on Assessing Risks of Material Misstatement
- Health Care Entities – AICPA Issues Additional CARES ACT TQAs for Health Care Entities
- Health Care Entities – AICPA Issues Additional CARES ACT TQAs for Health Care Entities
- PPP Lenders – AICPA Issues Additional TQA Guidance for PPP Lenders
TOP 5 PAGES ON KNOWLEDGELEADER
These were the most popular items on KnowledgeLeader last week:
- Payroll/Human Resources Audit Work Program
- Internal Audit and Risk Management: The Basics
- A Guide to Business Continuity Management – Top 15 Frequently Asked Questions (July 2020)
- Media Spend Review Audit Report
- System Implementation Process Questionnaire