Tools
The following tools were published on KnowledgeLeader this week:
Security Audit Work Program
A security audit is a systematic and comprehensive evaluation of an organization's information security program. The purpose of a security audit is to identify vulnerabilities, assess risk, and make recommendations for improvement. This security audit template includes three different samples that outline the steps involved in conducting a security audit of an organization's information security program.
Internal Audit Policy
The objective of internal auditing is to assist members of management in the effective discharge of their responsibilities by furnishing them with analyses, appraisals, recommendations and pertinent comments concerning the activities reviewed. Use this policy to define the purpose, responsibilities and reporting structure of your internal audit department.
Intercompany Commissions Policy
The purpose of this sample policy is to define guidelines, requirements and processes for revenue sharing between two subsidiaries of a company when customers relocate to another country due to certain events such as acquisition, restructuring or cost reduction. This policy applies to the company’s worldwide subsidiaries.
Process Evaluation Guide
We’ve provided an overview of process evaluation and included an example process description chart in this sample guide. Sample steps include completing the heading, listing all tasks in detail and completing the remaining columns. Analyzing process description charts can be extremely valuable because they contain detailed lists of the tasks involved in the processes you wish to improve.
Internal Control Review Conclusion/Opinion Guide Writing Example
This sample outlines writing examples for conclusions and opinions on an internal control review. The focus areas include: conclusion (opinion), quality of the system of internal control, compliance with established policies and procedures, accuracy of information, assessment of risk associated with present environment, and urgency of corrective action by management.
Publications
KnowledgeLeader has also published several publications this week.
TMT Finance Leaders Cite ESG, Inflation and Data Security Among Top Priorities
Inflation, supply chain challenges, consumer demand for sustainable and inclusive practices and reporting, new technologies, cyberthreats, and labor shortages are pushing TMT finance leaders beyond their traditional role of ensuring financial stability and reporting compliance. This report contains the top risks TMT finance leaders should keep in mind moving forward, according to the results of Protiviti’s 2023 Finance Trends Survey Report.
Innovation Versus Regulation and the Future of Digital Banking With Blockchain Coinvestors CEO
Matthew Le Merle, managing partner and CEO of Blockchain Coinvestors, launched the company in 2014 with the goal of providing broad coverage of the fastest growing blockchain companies and crypto projects. In this VISION by Protiviti podcast, Lata Varghese, managing director of digital assets at Protiviti, and Matthew explore the roles of government and the private sector in innovation, regulation, technology and the infrastructure upgrades required for the coming digital revolution.
Why Are Most Restatements Negative? Behavioral Accounting at Work
The top overall restatement issues are related to debt/equity, revenue recognition, expense recording and liability issues. The recent spike in SPAC restatements were related to warrants and financial instruments indexed to the company’s stock. In this article, Audit Analytics looks at restatements that resulted in a negative income impact during 2022.
Recommended Resources
This list of recommended resources from the web may be of interest to you. Click each link to learn more.