TOP 10 TOOLS — Q3 2020
Entity-Level Controls Risk Assessment Questionnaire
The objective of this questionnaire is to assess a number of COSO elements and the related objectives for entity-level controls.
AR and Cash Application Process Flow
This process flow focuses on the AR and cash application process.
Audit Planning Memo
This tool provides three sample planning memos, which serve as a report of an internal audit function’s high-level assessment of the company’s audit planning process.
Internal Audit Risk Assessment Questionnaire
This tool contains three samples that provide questions organizations can use for assessing and improving their internal audit functions.
Accounts Payable RCM
This document outlines risks and controls common to the "accounts payable" process in a risk control matrix (RCM) format.
Enterprise Risk Management Questionnaire
This questionnaire can be used when analyzing an organization’s enterprise risk management strategy.
This tool contains two sample policies that outline guidelines and accounting policies associated with an organization's inventory process.
Data Analytics by Business Process
This tool lists sample data analytics that can be run for common business processes, including procure-to-pay, order-to-cash, human resources, inventory and finance.
Accounts Receivable Aging and Collections Process Flow
This process flow outlines the AR aging and collection process.
TOP 10 PUBLICATIONS — Q3 2020
A Guide to Business Continuity Management – Top 15 Frequently Asked Questions (July 2020)
Organizations have many questions about business continuity management (BCM), and in response, Protiviti has developed this FAQ guide to help them build and maintain sustainable BCM programs.
Guide to Internal Audit
This booklet is designed to be a resource that internal audit professionals can refer to regularly in their jobs.
Agile Internal Audit: How to Audit at the Speed of Risk
This article describes the core components and supporting elements of an Agile audit, as well as some of the risks and challenges associated with Agile and how to address them.
COVID-19 Impacts on Accounting, Reporting and Internal Controls
This article discusses key accounting and audit impacts and practices finance leaders should consider as they respond to COVID-19 and its consequences.
Zain Group: The Front Lines of Internal Audit Innovation
In this profile, Zain Group Chief Internal Auditor Venkatesh Jandhyala focuses on his team’s strategic transformation initiatives over the years.
2020 Sarbanes-Oxley Compliance Survey
The 2020 edition of Protiviti's annual SOX report explains some of the changes SOX compliance practices have faced since the global COVID-19 pandemic, including cost, hours and controls.
2020 Internal Audit Capabilities and Needs Survey
This report contains results from Protiviti’s latest Internal Audit Capabilities and Needs survey of chief audit executives and internal audit leaders to obtain their views on difficult but necessary transformation.
SOX Risk Assessment in the Time of COVID-19
This article discusses six key considerations a company should take when performing its Sarbanes-Oxley (SOX) risk assessment for the fiscal year 2020 in the face of COVID-19.
2020 Trends in Cybersecurity Breach Disclosures
In this article, Audit Analytics analyzes the trends and statistics of public company cybersecurity disclosures over the past 10 years.
The Updated COSO Internal Control Framework
In this booklet, we address various questions regarding the New Framework from COSO, including the reasons why it was updated, what has changed, the process for transitioning to its use, and steps companies should take now.
CCH TAX AND ACCOUNTING - ACCOUNTING RESEARCH MANAGER UPDATES
Weekly Summary of Accounting, SEC, and Auditing Developments
- Reference Rate Reform – FASB Discusses Refinement of Topic 848 Scope
- Inflation – New Edition of Interpretation of Inflation Rates for Judging Whether an Economy Is Highly Inflationary Published
- Not-for-Profit Entities – New Edition of GAAP Update Service Discusses ASU 2020-07
- Public Markets – SEC Commissioner Lee Discusses Public Markets
- Small Business Capital Formation – SEC Advocate Discusses Capital Raising
- SEC Results – SEC Chairman Highlights FY2020 SEC Results
- SEC Enforcement – SEC Commissioner Roisman Discusses SEC Enforcement
- Investor Advocate – SEC Ombudsman Discusses SEC Office of the Investor Advocate
- Auditing Accounting Estimates – New Edition of GAAS Update Service Discusses SAS 143
- Financial Reporting Model – New Edition of Governmental GAAP Update Service Discusses GASB Proposal