Tools
The following tools were published on KnowledgeLeader this week:
Management Reporting (Revenue) Policy
This document provides an auditor with a structured layout of a company's reporting practices related to its revenue cycle. It provides insight into how the business generates and reviews critical financial reports, including sales analysis, commission structures and accounts receivable details. The policy also outlines confidentiality procedures and identifies key personnel responsible for producing, reviewing and taking action based on these reports.
Server Configuration Policy
This Server Configuration Policy is a vital resource for establishing and maintaining secure server settings within a company's structure. It functions as an in-depth guide, outlining standard security configurations, user rights assignments, account settings, audit settings, and network access controls. Additionally, it provides directions for additional hardening steps required for specific server roles and manual security parameters that are not ordinarily configured through group policy.
Shareholders’ Equity – Investor Relations Policy
Our Shareholders’ Equity – Investor Relations Policy outlines procedures for maintaining good business relations and keeping investors informed. According to this sample, it is essential to maintain a continuous dialogue with present and potential investors, informing them of the company’s progress, goals and other pertinent information as required by law and to maintain good business relations.
Bank Expenditure Non-Payroll Cycle: Control Objectives and Audit Work Program
An auditor utilizing the Bank Expenditure Non-Payroll Cycle - Control Objectives and Audit Work Program tool can expect to gain a structured approach for auditing non-payroll bank expenditures. Furthermore, this tool offers insights into safeguarding assets and substantiating balances accurately. Therefore, it equips auditors with a comprehensive framework to enhance their auditing practices in the non-payroll expenditure cycle. Sample audit steps covered in this document include:
Financial Due Diligence Report
Our Financial Due Diligence Report serves as a comprehensive tool for auditors to meticulously examine the financial health and operational efficiency of a target company. It aids in identifying and analyzing key financial metrics such as profitability, asset valuation, liabilities, cash flow and working capital requirements. The report also delves into contractual obligations, contingent liabilities, related-party transactions and revenue recognition policies to ensure that all aspects are thoroughly vetted.
Project Management Office (PMO) Questionnaire
Gain insights into your PMO's strengths and weaknesses with our Project Management Office Questionnaire. Sample questions include: What is your overall satisfaction with the PMO? How are you made aware of changes to the PMO process and requirements? What areas do you feel the PMO could improve? What are the top three challenges you face with implementing new projects?
Publications
KnowledgeLeader has also published several publications this week.
Risk Transformation and the Intersection With Business Transformation
Risk management is an ongoing affair where an organization’s risk controls can be adjusted depending on business needs and drivers. Changing macroeconomic, market, geopolitical, artificial intelligence and other strategic risks require businesses to be more agile than before. This second-in-a-series paper delves into risk transformation approaches that have proven effective.
Use of Artificial Intelligence and Audit Analytics in Internal Audit Processes in the Public Sector
The impact of digitization on management processes in the public sector has led to changes in their roles, corporate activities, objectives and corporate requirements. Consequently, as the scope and responsibilities of the public sector have changed and expanded due to digitization, the organization, storage and processing of the increasing the dimension of data resulting from public services have become more complex. In this article, we discuss the impact of handling artificial intelligence models in the internal audit process and risk management in public institutions on the audit process.
2024 Healthcare Internal Audit Plan Priorities Survey Report
Coming off several years of a pandemic and the associated public health emergency, the healthcare industry continues to face complex and unpredictable risks in 2024 that could have long-lasting impacts across several critical areas. Healthcare internal auditors play an important role in helping their organizations manage potential risks, stay on top of regulatory compliance, optimize operations and address other pressing concerns. The latest Healthcare Internal Audit Plan Priorities Study, conducted by Protiviti and the Association of Healthcare Internal Auditors (AHIA), revealed six key areas of focus for internal auditors.
Recommended Resources
This list of recommended resources from the web may be of interest to you. Click each link to learn more.
- The Future of Money Through the Lens of Compliance
- Lessons for Directors as Personal Liability Evolves in Delaware Courts
- Increasing Appetite for M&A, AI Driving Growth, Survey Finds