Tools

The following tools were published on KnowledgeLeader this week:

Intercompany Accounting Policy

This tool contains three sample policies that outline guidelines and procedures related to intercompany transactions. Sample 1 focuses on the procedures and guidelines for managing intercompany transactions within a corporate framework. The purpose of this policy is to ensure that assets, liabilities, revenues and expenses are allocated correctly to the appropriate legal entities based on the economic activities and obligations incurred. 

Other Assets Audit Work Program

Our Other Assets Audit Work Program template can be used to evaluate and ensure the integrity of "other assets" in financial statements. This audit program outlines essential audit objectives, including understanding the nature and classification of various other assets such as prepaid expenses, deferred costs and intangible assets. The program emphasizes the importance of establishing robust controls over the approval process, maintaining subsidiary ledgers, and conducting periodic reconciliations with the general ledger.

Healthcare Provider Contracting Audit Work Program

This healthcare audit work program is intended to determine whether internal controls in the provider contracting and capitated payment processes are in place and working effectively. The tool provides a comprehensive review of provider contracts, including their type, location and service provider specialty, and enables them to select a varied sample for detailed examination. The tool ensures that contracts are input into the system prior to their effective date and that they have been approved by the legal department.

Customer Service and Support Renewal Audit Work Program

Use this audit program sample to evaluate the effectiveness and compliance of your organization’s customer service and support (CS&S) renewal processes. This tool outlines key audit objectives, including the assessment of adherence to local policies and procedures, the evaluation of operational effectiveness, and the identification of internal control improvements. 

IT Organization Audit Work Program

This tool contains two work program samples that highlight best-practice steps for the IT audit process. Sample 1 focuses on evaluating the effectiveness of the IT organization in supporting tactical business needs. It begins by identifying key project team members and outlines a structured timeline for planning, fieldwork and report issuance. The sample emphasizes the assessment of risk indicators, such as missing organization charts, poorly documented job descriptions and high turnover rates among CIOs, which may signal underlying issues within the organization. 

Business Process Effectiveness Review Report

Assess and enhance the efficiency of various business processes within your organization using our Business Process Effectiveness Review Report. Specifically tailored for the company, this document provides a detailed analysis across several finance-related processes such as financial planning, accounts payable, receivable and procurement, among others. By employing key performance indicators (KPIs) and benchmarking against best practices, the report aims to guide the company in making informed decisions that foster operational improvements.

Publications 

KnowledgeLeader has also published several publications this week.

Does DeepSeek Disrupt Your AI Strategy? It Should

Both the U.S. and China have powerful AI models, but DeepSeek shows China is closing the capability gap with the U.S. in the AI race. The U.S. should take note. Open-source models such as Meta’s Llama, Google’s Gemma and DeepSeek’s R1 will play a critical role in the enterprise as organizations look to differentiate themselves with unique applications of AI applied to their enterprise data. Here, we explain why organizations should integrate both open- and closed-source AI into their enterprise architecture and business processes.

CSDDD, the Latest Sustainability Dictum From the EU, Takes a Scrutinizing Look at Supply Chains

The Corporate Sustainability Due Diligence Directive (CSDDD) is a new sustainability directive of the European Union (EU) and distinct from the Corporate Sustainability Reporting Directive (CSRD) in that it aims to address human rights and environmental violations in the supply chain specifically. In this article, we explain why companies should establish a comprehensive risk management system and integrate responsible business practices into all relevant supply chain processes.

Data Monetization: Value Realization and Data Sharing

The era of big data is upon us, ushering in a digital transformation driven by the Internet-of-Things, mobile technology, AI and cloud computing. This revolution has generated a vast array of new digital data sources. The progressive companies harnessing technologies that capitalize on this data surge have reaped significant benefits — optimizing process automation, new product development and enhanced risk management. This whitepaper examines three case studies of data sharing and provides considerations for CIOs contemplating participation in the data sharing economy.

Recommended Resources 

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

1. Melancon Named to Accounting Hall of Fame
2. Perks of the Job: Be Wary of How You Disclose Them in 2025
3. Harness the Power of AI Across GENERATIONS