Tools
The following tools were published on KnowledgeLeader this week:
Accounts Receivable Policy: Cash Receipts
This sample policy is designed to help companies correctly deal with and record cash receipts. In this policy, bank lockbox deposits are delivered via courier to company accounts receivable (AR) at scheduled times Monday through Friday on bank business days.
Credit Card Information Handling Policy
The purpose of the policy is to ensure that credit and debit card information and other personal financial data are accessible by a limited number of authorized team members and maintained in accordance with applicable laws.
Credit Card Policy
This sample policy is designed to help companies establish the appropriate business use, responsibilities and authorization for a company credit card. In this policy, company credit cards are used for appropriate business purposes, and adequate controls are established for day-to-day use.
Project Management Office (PMO) Audit Work Program
This tool was designed to help organizations understand the PMO audit process and build an audit program focused on the PMO. The two work programs included in this tool focus on evaluating the following areas: PMO program goals and expectations; PMO approaches; PMO responsibility, accountability and ownership; program management approach, tools and templates consistency; and more.
Data Analytics and Mining Guide
Data analytics is the extraction of data from a company’s information system in order to perform data selection, classification, ordering, filtering, translation and other functions to provide meaningful information about business processes. This document can be used as a guide for understanding and reviewing an organization’s data analytics and mining methodologies.
Predictive Analytics Guide
Predictive modeling and advanced analytics can be used in customer analytics, people analytics, operational and risk analytics, digital and social analytics. This tool can be used as a guide for understanding and reviewing the essential elements of an organization’s predictive analytics process.
Publications
KnowledgeLeader has also published several publications this week.
Transforming the Business to Operate at Market Speed
As a term in business, “agile” is typically used to refer to a project management methodology, especially for software development. In this issue of Board Perspectives, we offer a holistic approach for directors to consider in boardroom discussions.
Zimmer Biomet: Transforming the Business Through Behavioral Change
The internal audit function at Zimmer Biomet employs 27 team members across three primary service lines: financial and operational audit, compliance audit, and IT and data analytics. Brian Thelen, vice president of internal audit services at Zimmer Biomet, highlights his team’s effort to become a more responsive, data-savvy and flexible workforce.
Regulations and Demand for Accountability Set the Tone for the Future of ESG Disclosures
This white paper provides an overview of the current global ESG regulatory dynamic and outlines steps companies should take today to prepare to do business in the new regulatory paradigm.
Risk Management Strategies: Using an RCM and Other Tools for Reporting and Disclosure
Maintain your organization’s reputation for transparency and accountability with the reporting/disclosure tools and best practices included in our latest blog post.
Recommended Resources
This list of recommended resources from the web may be of interest to you. Click each link to learn more.
- Who Audits the Auditors? External Quality Assessments as a Measure of Internal Audit Effectiveness
- Nothing Left to Chance: The Life of a Lottery Auditor
- Venture Debt: Five Items CFOs Must Know