Tools
The following tools were published on KnowledgeLeader this week:
Financial Close Review Audit Report
This audit report sample can be used by auditors looking to better understand and review the organization’s financial close process. Testing involved benchmarking the current state of the close process and techniques compared to common practices and reviewing areas and processes outside the finance department’s control that could positively impact finance operations.
Financial Systems Policy
This policy outlines procedures for the development, implementation, enhancement and maintenance of financial systems. Some of the financial systems addressed in this policy include the general ledger system, which includes profit/loss reporting and analysis, balance sheet reporting, budget, forecasting, external financial reporting, and income tax.
Firearms, Weapons and Explosives Policy
The purpose of this Firearms, Weapons and Explosives Policy is to maintain a safe working environment for all employees and affiliates. According to this policy, employees are forbidden to bring firearms, weapons and/or explosives into the company, onto the company property or into any other company facility, including employees who have a permit to carry a concealed firearm/weapon.
Internal Control Owner Training Guide
Internal controls are established to further strengthen the reliability and integrity of information. In this guide, we provide an overview of the internal controls process, including objectives, implementation, timeline, owner responsibilities and evaluating the effectiveness of internal controls design.
Segregation of Duties and Logical Access Guide
This guide can be used by auditors looking to better understand segregation of duties (SOD) processes and best practices. The basic idea underlying SOD is that no employee or group of employees should be in a position both to perpetrate and to conceal errors or fraud in the normal course of their duties.
Nominating and Governance Committee Charter
The nominating and governance committee of the board of directors is tasked with identifying individuals qualified to become board members consistent with criteria approved by the board. This document contains four samples that provide a solid starting point for creating or modifying your own nominating and governance committee charter.
Publications
KnowledgeLeader has also published several publications this week.
The Director’s Playbook for Generative AI
Generative AI (GenAI) adds yet another disruptive force for business along with the COVID-19 pandemic, supply chain disruptions, workplace upheavals, talent shortages, inflation and rising interest rates. This issue of Board Perspectives poses nine questions directors should consider when engaging CEOs and their teams in strategic conversations regarding GenAI.
Navigating Sanctions Compliance Through the Transition to ISO 20022
The International Organization for Standardization’s (ISO) new global messaging standard, ISO 20022, provides a unified language for electronic data interchange between financial institutions that is intended to increase efficiency, lower costs and enhance transparency for the financial system. This whitepaper explores several challenges of the transition and provides ways compliance officers can ensure sanctions compliance.
The Economist’s Dexter Thillien: Key Findings and Forecasts on the Metaverse Future
Dexter Thillien is the lead technology and telecoms analyst at the Economist Intelligence Unit (EIU), the research and analysis division of the Economist Group, providing actionable insights and helping to identify opportunities, trends and risks for business leaders in a complex global environment. Protiviti’s Joe Kornik and Dexter Thillien, lead technology and telecoms analyst at the Economist Intelligence Unit, explore the metaverse and its impact on global business.
Recommended Resources
This list of recommended resources from the web may be of interest to you. Click each link to learn more.
- Four Ways Finance Leaders Can Leverage ChatGPT
- A Hot Jobs Market Requires Organizations to Strengthen Talent Acquisition Strategies
- SEC Adopts Amendments Impacting Broker-Dealers, Private Fund Advisers