Tools
The following tools were published on KnowledgeLeader this week:
Network Security Policy
Our Network Security Policy is designed to help companies protect their user accounts, corporate data and intellectual property. Under this policy, network systems engineering (NSE) is responsible for designing, building and maintaining all Company X networking infrastructure, and information security services (ISS) is responsible for reviewing, monitoring and auditing networks, devices, systems and applications.
Customer Profitability Review Policy
Learn how to prioritize the customer profitability review process and implement standard controls with this customer profitability review policy. According to this policy, the customer profitability report (CPR) is created to help the marketing department monitor traditional mortality risk and specialty business results (profit margin) at the treaty level and ultimately make better business decisions to support our profitability goals.
Financial Statement Preparation Policy
The two sample policies included in this tool outline procedures to ensure content quality when creating financial statements and related disclosures. In these samples, the responsible financial reporting team member reads and analyzes the data sent by experts in the subject matter and updates the report as appropriate. The responsible financial reporting team member may improve language and grammar and validate the information with other sources (including officers).
Incentive Compensation Audit Work Program
Access our detailed Incentive Compensation Audit Work Program to streamline your compensation and benefits processes and ensure compliance. Audit steps include reviewing known best practices, setting up the work paper organization tool, developing a project plan and determining the scope, facilitating budgeting, setting up a coordination meeting with the process owner, and obtaining worldwide commission process/functional overview and expense allocation.
Investment Management Firm Audit Work Program
The purpose of this work program is to provide the general steps used to perform an audit at an investment management firm. This document provides work steps to prepare for a visit to the firm and perform reviews and audit testing. Topics include: portfolio management, risk management, ethics policy statement and disaster recovery plan.
Publications
KnowledgeLeader has also published several publications this week.
A Call to Action for Boards
Directors and C-suite executives are not expected to agree on every matter. But when differing perspectives are not probed and understood in a constructive, trust-based and transparent manner, opportunities for improving board and C-suite performance can be missed. This issue of Board Perspectives reveals several important opportunities leaders can take to improve board governance and performance.
Packaging Corporation of America (PCA): Helping the Business Manage Risks and Deliver on New Demands
Packaging Corporation of America Internal Audit Vice President Yulia Gurman’s main message to her team is to learn the business, and to look at things holistically and question if we need to keep doing things how they were always done. In this profile, Gurman explains how her team’s long-running guest auditor program has helped raise internal audit’s visibility with the business at large.
The Six Principles of Patient Safety: An Introduction to Fostering a Culture of Safety in Healthcare
Patient safety is the cornerstone of quality healthcare delivery. There are six critical principles that healthcare organizations can adopt to ensure the safety of their patients. Together, these principles weave a resilient fabric of patient safety within healthcare organizations. In this article, Audit Analytics explores the six critical principles of patient safety and how they foster a resilient culture of safety in healthcare organizations.
Recommended Resources
This list of recommended resources from the web may be of interest to you. Click each link to learn more.
- New Protiviti Research: The Innovation Vs. Technical Debt Tug of War
- The CFO-CMO Partnership Is the New Dynamic Duo
- Eye on Employee Retention: The Rise of Financial Well-Being Benefits