Tools
The following tools were published on KnowledgeLeader this week:
Sarbanes-Oxley Section 404 Compliance Guide
Organizations can use this document as a guide for establishing their framework and standard policy for compliance with Section 404 of the Sarbanes-Oxley Act (the Act). In this sample, the company’s approach to supporting the certifications required by Section 404 of the Act includes the following key activities: complete the entity-level risk assessment and define critical processes supporting the financial reporting function.
Audit Ratings Guide
Achieve control objectives and enhance your internal controls and operations effectively with our Audit Rating Guide. According to this guide, areas given a “Good” rating are well-controlled in every respect and demonstrate quality performance in almost every aspect. Performance is above average and adequately provides for the safe and sound operation of the area audited.
Internal Audit Risk Assessment Audit Committee Report
Summarize the results of your internal audit risk assessment to the audit committee with these three sample audit reports. In these samples, audit plan highlights include reviewing the new underwriting processes to verify that key controls are in place before the policy is bound and evaluating the processes and controls in place to provide complete and accurate data into and out of the reserving process.
Accounts Receivable Policy
This Accounts Receivable Policy establishes procedures to ensure consistency in a company’s accounting treatment of receivables. It also includes guidelines focused on how and when to reserve a receivable, write off a receivable and recover a receivable. Under this policy, accounting is responsible for maintaining accurate records within the accounts receivable function and ensure that proper internal controls are maintained.
Invoice Deductions Policy
Learn about trade and non-trade deduction procedures in the retail sector through our detailed Invoice Deductions Policy. According to this policy, the trade analyst (TA) will receive the trade deduction notification documents from cash applications. The TA will ensure all necessary proof of performance and that any other documentation the customer sends is present.
Disclosure Committee Charter
This sample document provides two samples as guidelines for creating a disclosure committee charter. The committee charter is usually prepared in the first year of a disclosure committee contract. The United States Securities and Exchange Commission (SEC) adopted new rules 13a-14 and 15d-14 under the Securities Exchange Act of 1934, effective as of August 29, 2002, which implement Section 302 of the Sarbanes-Oxley Act of 2002 (the Exchange Act Rules).
Publications
KnowledgeLeader has also published several publications this week.
Hilton: Relevance as a Journey, Not a Destination
Internal audit’s ongoing focus on relevance has delivered a number of benefits to Hilton to date, according to Misha Moylan, Hilton’s Vice President of Internal Audit and ERM. In this profile, Moylan shares how his team’s levels of attrition and turnover have come down precipitously since it’s been focusing on relevance.
Executive Perspectives on Top Risks for 2024 and 2034: Chief Financial Officer Perspective
CFOs have a unique vantage point regarding talent management, one that explains why the ability to attract, develop and retain top talent represents their top risk concern in both 2024 and 2034. This report explores the top risks CFOs should consider moving forward, according to the results of Protiviti’s Executive Perspectives on Top Risks for 2024 Survey Report.
Digital Transformation Cycle in Business Landscape: The Managerial Perspective
Research on digital transformation activities among top managers of businesses has revealed that most executives believe that they can buy digital technology, apply it across the business and see the benefits within a few months. In this article, we examine the risks encountered in the digital transformation process, which have such strategic importance and high budgets, and the points that can turn into opportunities.
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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