The KnowledgeLeader Blog
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Organizational Risk Assessment — Performed the Right Way
Risk Assessment DefinedRisk assessment is the identification and analysis of relevant risks to achieving objectives and forming a basis for determining how the ri...
Internal Controls: Why You Need a Vigorous Policy
A Working Definition of Internal ControlsFor accounting, risk and audit, internal controls are a set of accounting best practices activities designed and imp...
The Importance of Best Practices in Goodwill Accounting
Goodwill: An Elusive but Valuable AssetGoodwill might be the most valuable asset on your company’s balance sheet. It might also be the most difficult to place an ...
COSO: Step Up Your ERM, Integrated and Internal Controls
COSO is a framework used by businesses to establish a set of internal controls for integration into their business processes. This set of controls assures that an...
Successful Audit Planning Is a Critical First Step in the Audit Process
While it’s true that no internal audit will ever go exactly according to plan, it is also true that audit planning is a necessary and important part of the overal...
Building and Maintaining a Robust Enterprise Risk Management (ERM) Platform
The many ongoing risks that businesses face daily extend well beyond organizational risk and market risk to include a much longer set of risks that can be derived...
Human Resources Best Practices: Tools to Help Meet the Challenge
The ChallengeHuman resources (HR) professionals have a real and ongoing responsibility to the employees of the companies they serve. To the utmost extent possible...
Must-Have Tools for Accounts Receivable Risk Management
Getting to the Core of Accounts ReceivableAccounts receivable (AR) refers to the proceeds or payments that a company will receive from its customers who have purc...
What Is Internal Audit’s Role in Cybersecurity?
Corporations are always thinking about how to protect assets. A few of the white-collar crimes companies must consider include hacking/intrusions (cyber vuln...
Five Components of the COSO Framework You Need to Know
WHAT DOES COSO STAND FOR?In 1992, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) developed a COSO Framework for evaluating ...
