Tools
The following tools were published on KnowledgeLeader this week:
Monthly Accruals Policy
Learn about the standards and procedures for monthly accruals to match expenses with revenues and ensure accurate financial statements. According to this policy, the purpose of monthly accrual procedures is to allocate expenses to the proper accounting period and match expenses with related revenues.
New-Hire Paperwork Policy
Understand the general hiring procedures and protocols for new-hire onboarding, including the completion of the payroll/status change notice. Procedures covered in this sample include: all newly hired employees must complete a new-hire package prepared by personnel administration, and personnel must make copies of the new hire's identification (birth certificate, driver's license etc.) for the personnel file.
Sales and Use Tax Policy
This sample sales and use tax policy establishes the responsibilities, controls, authorizations and procedures for all company invoices originating in the United States. In this document, the company is subject to sales and use tax imposed by a state upon retailers and purchasers conducting business in the state. It can be used as a general guide to understand and create the sales and use tax policy.
Appeals and Grievances Audit Work Program
Organizations can use the best-practice general steps included in this document to conduct an appeals and grievances audit. Sample audit steps include identifying key stakeholders and decision-makers, confirming and communicating the straw man operating model and key actions, and defining structures and roles of appeals and grievances for transformation.
Payroll Cycle Data Analytics Audit Work Program
This six-page work program describes 22 risks associated with payroll cycle data analytics (including incorrect commissions, improper payments and excessive overtime), with a focus on the tests used to identify them. Test objectives include identifying employees who have more than one listing in the employee master file and, if duplicates are found, determining if both listings are being paid.
Publications
KnowledgeLeader has also published several publications this week.
NSW Health Pathology CEO: Patient Empowerment, AI and Big Data Are Trends to Watch in Healthcare
Vanessa Janissen is the CEO of New South Wales Health Pathology, where she leads Australia’s largest public pathology and forensic science service. In this VISION by Protiviti podcast, Janissen sat down with Ruby Chen, a director with Protiviti Australia, to discuss how AI, big data and digital advances in testing and treatment will protect and empower patients.
A Closer Look at Shareholder Votes Against Auditor Ratification – 2023
Among a variety of proposals, shareholder votes on auditor ratification remain an important topic year-over-year during proxy season. In this article, Audit Analytics examines how often companies faced high votes against auditors and which S&P 500 companies saw the most dissent.
Will CrowdStrike Serve as a Reboot on Tech Resiliency?
Global IT systems are still rebooting and recovering after a software update by cybersecurity vendor CrowdStrike caused a massive worldwide outage of Windows computers. This article explains how business leaders can use the CrowdStrike software update incident to prioritize recovery, communication and strategic planning for future global IT disruptions.
Recommended Resources
This list of recommended resources from the web may be of interest to you. Click each link to learn more.
- From HR to Strategic Talent Advisers: Redesigning Workforce Planning for Success
- Gen AI Could Save Companies Money, Improve Customer Relations
- FDIC Culture Scandal Begs Question: Why Don’t Regs Have CCOs?