Tools
The following tools were published on KnowledgeLeader this week:
Audit Committee Report - Internal Audit Plan
This tool contains seven sample audit reports that can be used to evaluate and improve the internal audit plan. Audit plan highlights include an increased focus on corporatewide processes, identified cash flow and working capital improvement opportunities, and information technology auditing conducted at a significant level.
Integrity and Ethical Values Audit Work Program
This tool contains two audit program samples that can be used by organizations to ensure a commitment to high ethical standards. Validation procedures include obtaining a copy of the code and assessing whether it is comprehensive and provides guidance to employees to make appropriate decisions in a wide enough variety of situations to be appropriately reflective of the scope of the company’s operations.
Application Audit Work Program
This tool includes three audit program samples that can be used by organizations to evaluate and improve business unit application controls. Sample work steps include conduct a planning meeting to discuss scope, approach and timing; determine the appropriate auditee contacts; work with auditee contacts to determine the scope, approach and timing of the audit.
Strategic Forecasting Guide
This guide discusses market drivers of forecasting, annual budgeting vs. rolling forecasts, integrated business planning, scenario analysis and the impact of strategic forecasting. Companies need to consider more data when understanding their market opportunities and threats.
Physical Inventory Policy
This purpose of this policy is to provide guidance for a company and its subsidiaries regarding the need to take regular physical inventories of raw material, work in process, finished goods and stores. Under this policy, procedures should ensure that all physical inventory results are summarized, discrepancies are investigated, and necessary adjustments are recorded.
Record Management Policy
This tool contains three sample policies that outline guidelines and procedures related to managing and retaining business records. In these samples, the general counsel is responsible for providing interpretation of this policy; the general counsel must oversee ongoing training regarding compliance with this policy.
Signature and Authorization Policy
This tool contains three sample policies that establish standards and procedures for signature approval and authorization requirements necessary to commit company funds or assets related to trade promotion and processing.
Publications
KnowledgeLeader has also published several publications this week.
Revenue Integrity: Leveraging Data to Enhance Collaboration Across the Revenue Cycle
The American Health Information Management Association (AHIMA) and Protiviti convened a panel of health information (HI) and revenue cycle professionals to explore best practices in revenue integrity and the role of HI, as well as how organizations can leverage data to enhance collaboration across the revenue cycle.
Matthew Ball on the Metaverse Future: What Could Go Right; What Could Go Wrong
In this interview, Ball sits down with Joe Kornik, editor-in-chief of VISION by Protiviti, to discuss how the metaverse will disrupt traditional business models and legacy brands and which sector he thinks will be most positively impacted by the metaverse in the future.
The Metaverse in 2040? Buckle Up for a Bumpy Ride, Says Elon Professor and Pew Researcher
Janna Anderson, professor of communications and director of the Imagining the Internet Center at Elon University, is the lead author of the report The Metaverse in 2040, published in partnership with Pew Research. She is a senior contract researcher for Pew and co-leads the center’s 19-year series of reports outlining experts’ predictions for the most likely future of digital life.
Recommended Resources
This list of recommended resources from the web may be of interest to you. Click each link to learn more.