Mon, Oct 2, 2023

Tools and Strategies for Effective Project Management and Compliance Oversight

Tools

The following tools were published on KnowledgeLeader this week:

Project Management Office Current-State Maturity Assessment Report

Auditors can use this audit report sample to determine key components of their project management office function and ensure timely delivery. This review focuses on identifying inefficiencies and execution risks in the project lifecycle processes, as well as reviewing the education, awareness and adherence to existing policies and procedures in order to identify gaps in efficiency, effectiveness, compliance and capability.

Compliance Overview Questionnaire

This tool contains 27 sample questionnaires that provide organizations with key risks, expected key controls and questions to consider when ensuring compliance with various policies, regulations and processes. The following areas are covered in these questionnaires: Adoption Assistance, the Age Discrimination in Employment Act, Child Care, the Civil Rights Act of 1991, COBRA, Diversity and Inclusion, Employee and Employer Rights, Employee Development, and more.

Security and Access Policy

This Security and Access Policy provides a company with a single reference for governance pertaining to matters of security for personnel, facilities, assets, information and business operations. According to this policy, access to data and information systems is granted to users based on their job function and business requirements. 

Procurement Card Policy

The purchasing card program is intended to streamline and simplify the purchasing and accounts payable functions. Use this sample policy to establish appropriate guidelines, business use, responsibilities and authorization within your company’s credit card policy. 

Freight Claims Policy

This policy specifies the actions to take when processing freight claims for shipments where the carrier has lost and/or damaged goods during shipment or where there is a shortage in the delivered goods.

Self-Assessment Survey Design Guide

In this tool, we’ve compiled a guide that can be used to prepare and design self-assessment surveys. This guide provides preliminary considerations and quick tips for designing the questionnaire, such as the wording and order of questions, exceptions to make and issues to avoid. Preliminary considerations in these presentations include avoiding shotgun approaches.

​Internal Controls Sustainability Training Guide

This document can be used as a general guide for sustaining and evolving a company’s internal control initiative in a cost-effective manner. The following objectives are designed to accomplish the stated mission: the appropriate balance is achieved between reducing the risk of financial reporting misstatement and reducing the total cost of sustainabilit and the impact of internal changes in the business has been properly integrated into the control infrastructure.

Publications 

KnowledgeLeader has also published several publications this week.

2023 Sarbanes-Oxley Compliance Survey

Companies are attacking climbing compliance costs by taming the complexity of their control environment and exploring and pursuing options to further tech-enable controls and testing activities. Protiviti’s annual Sarbanes-Oxley Compliance Survey provides detailed benchmarks for compliance costs and hours, while quantifying the impact of technology, automation and changing business conditions on these measures and activities.  

Recommended Resources 

This list of recommended resources from the web may be of interest to you. Click each link to learn more. 

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