PERFORMER PROFILE
GlobalFoundries: A “Laser Focus” on Strengthening Business Resilience
In this profile, Cary Haggard, chief audit executive at GlobalFoundries, explains how his team has enhanced organizational value to achieve business goals.
QUESTIONNAIRES
Sales Planning and Forecasting Process Questionnaire
This sample questionnaire can be used by auditors to assess and improve the site planning and forecasting process.
Corporate Governance Compliance Questionnaire
The objective of this questionnaire is to help the board and management assess the organization’s current corporate governance environment.
Disclosure Committee Questionnaire
This sample questionnaire can be used to ensure that all necessary quarterly financial reporting disclosures are addressed, and any changes to these disclosures are explained by management.
Enterprise Risk Assessment Process Questionnaire
The questions provided in this sample can be used to analyze and enhance your enterprise risk assessment strategy.
GUIDE
IT Security Awareness and Training Program Guide
We've designed this guide to help companies implement and strengthen security training and awareness.
WORK PROGRAM
Corporate Actions Audit Work Program
In this work program sample, we highlight general best-practice steps for the capital raise audit process.
REGULATORY UPDATES
Developments at and During COP26: The First Week
In this Flash Report, we offer suggestions for companies to consider in the aftermath of the first week of the UN Climate Change Conference of the Parties (COP26).
U.S. Department of Defense Updates Cybersecurity Maturity Model Certification Requirements: CMMC 2.0
This Flash Report summarizes what steps companies should take to prepare for Cybersecurity Maturity Model Certification (CMMC) 2.0.
RECOMMENDED RESOURCES
GameStop Saga Exposes Trading Flaws, Reveals Huge Opportunity for a “Disruptor”
A look at the January 2021 trading frenzy surrounding GameStop and what practical steps firms should take to prevent or at least alter the outcome of the next GameStop-like event. Source:
blog.protiviti.com
Consumer Products and Services Executives Identify Pandemic Policies, Market Conditions and Talent Shortage Among Top Risk Issues for 2021 and Beyond
Protiviti recaps the top risks consumer products and services companies should keep in mind moving forward, based on the results from the ninth annual risk survey of directors and executives worldwide. Source:
blog.protiviti.com
Global Knowledge Brief From The IIA and Workiva
The latest Global Knowledge Brief from The IIA and Workiva outlines how internal audit can benefit from pandemic-accelerated digital transformation. Source:
theiia.org
PCAOB Issues Staff Guidance on Audit Evidence From Other Sources
Advances in technology have resulted in the availability of volumes of new information to companies and their auditors. PCAOB staff guidance discusses the implications of this new information for the audit. Source:
journalofaccountancy.com
Companies Embrace Unusual New Strategies to Survive a Labor Crunch
With millions of jobs vacant, company leaders are being tested. Here are some ways smaller businesses are coping with multiple openings and trying to recruit new talent. Source:
journalofaccountancy.com
PREMIUM TOOL OF THE WEEK
Manage Fixed Assets: Disposals RCM
This document outlines risks and controls common to the "disposal risk" aspect of the fixed assets process in a risk control matrix (RCM) format.
KLplus CPE COURSE SPOTLIGHT
Product Management: Create a Go-to-Market Plan
In this course, you will learn when to use a Go-to-Market plan, the contents of a Go-to-Market plan, how to prepare to build a Go-to-Market plan, the elements top define in a Go-to-Market plan and the steps to take when building a Go-to-Market plan. The completed course is worth 1 CPE credit and by the end of the course, you will be able to:
- Discover the subject areas that will be covered in this course
- Identify the benefits of using a Go-to-Market plan to launch a product
- Identify the goals of a Go-to-Market plan's executive summary
- Identify the elements you need to define when building a Go-to-Market plan
- Identify the approaches to building a Go-to-Market plan
- Identify the steps to take when building a Go-to-Market plan
- Sequence the stages of the launch phase workflow
- Knowledge Check: Getting Your Product to the Customer with a Go-to-Market Plan
KLplus CPE COURSE SPOTLIGHT
Segregation of Duties Principles
Segregation of duties is a critical concept that is important for internal auditors to understand. The completed course is worth 0.5 CPE credits and by the end of the course, you will be able to:
- Define segregation of duties
- Identify the purpose for establishing and monitoring segregation of duties
- Identify segregation of duties issues
FEATURED TRENDING TOPIC
Audit Planning
Audit planning was a big trending search topic over the past week. We've published over 100 tools and publications related to audit planning on KnowledgeLeader, so dive in and explore all of the resources available to you!
CCH TAX AND ACCOUNTING - ACCOUNTING RESEARCH MANAGER UPDATES
Weekly Summary of Accounting, SEC and Auditing Developments
- Government Grants – FASB Improves Transparency Around Government Grants
- Leases – FASB Improves Discount Rate Guidance for Lessees
- Checklist – New Edition of Summary Checklist of Recent Authoritative U.S. Accounting Standards Published
- Leases – FASB Decides Against Further Delay of Effective Date of Leases Standard for NFPs and Private Companies
- ESG – New Edition of GAAP Update Service Discusses ESG Disclosures and the SEC
- ESG – SEC Commissioner Crenshaw Discusses Internal Accounting Controls and ESG Risks
- Structured Data – SEC Commissioner Crenshaw Discusses Structured Data (XBRL)
- HUD Programs – 2021-2022 Edition of Knowledge-Based Audits of Housing and Urban Development Programs (Post-SAS-134) Published
- Public Entities – 2021-2022 Edition of Knowledge-Based Audits of Public Entities Published
- Real Estate Entities – 2021-2022 Edition of Knowledge-Based Preparation, Compilation, and Review Engagements of Real Estate Entities (Post-SSARS-25) Published
- Conduit Debt Obligations – New Edition of Governmental GAAP Update Service Discusses GASB 91
TOP 5 PAGES ON KNOWLEDGELEADER
These were the most popular items on KnowledgeLeader last week:
- Accounts Payable RCM
- Risk Assessment and Internal Audit Plan
- Entity-Level Controls Risk Assessment Questionnaire
- Internal Audit Risk Assessment Questionnaire
- Audit Planning Memo