New This Week

RCM

Foreign Exchange RCM

This document outlines risks and controls common to the foreign exchange process in a risk control matrix (RCM) format. To celebrate the anniversary of our RCM launch, we will be publishing one new RCM each week during the month of May!

Performer Profile

Finding Opportunities to Improve Efficiency and Enhance Processes Never Goes Out of Style at JCPenney

In this profile, Benita Casey, JCPenney's SVP of internal audit, discusses the importance of developing a new internal audit reporting structure.

Hot Issue

IT Audit Benchmarking Webinar: David Brand and Robert Kress Answer Your Questions

Protiviti’s David Brand and Accenture’s Bob Kress answer questions received during the 2016 IT Audit Benchmarking Survey webinar.

Audit Analytics Article

Cybersecurity Disclosures in Risk Factors

This article focuses on the industry-specific disclosure rates of cybersecurity risk factors for a select group of industries.

Article

IFRS 9 Impairment: Practical Implications

This white paper discusses the impairment of the financial assets aspect of the IFRS 9 standard.

Taylor & Francis Article

Maintaining Margins While Staying Vigilant

Survey results indicate that CFOs and finance professionals remain alert to intensifying volatility on the radar while addressing a growing set of priorities.

Benchmarking Tool

Applying Best Practices Across the Organization Key Performance Indicators (KPIs)

This benchmarking tool outlines key performance indicators (KPIs) for applying best practices across the organization.

Memo

Data Breach Notification Memo

This memo's purpose is to notify an individual regarding the possibility of a personal information breach.

May 2, 2016

Updated Memo

Sarbanes-Oxley Act Project Approach Memo

The purpose of this memo is to document management’s approach for the current financial year's Sarbanes-Oxley compliance project processes.

Updated Work Programs

Branch Internal Audit: Wire Transfers and Foreign Remittances Audit Work Program

This audit work program reviews the wire transfers and foreign remittances process at a bank branch.


Hotel Financial Reporting and Treasury Review Audit Work Program

This audit work program assists with a comprehensive review of the treasury area for a hotel or hospitality property.

Featured Knowledgeleader Blog Post

Happy Anniversary to KnowledgeLeader’s Risk and Control Matrices (RCMs)!

Subscribe to our blog to be sure you get our weekly post updates!

Featured Links

May is International Internal Audit Awareness Month

The IIA encourages members, chapters and Institutes around the world to promote internal auditing’s value each May and year-round. Source: theiia.org


FASB Proposes Technical Corrections and Changes

FASB proposed technical corrections and minor changes to its Accounting Standards Codification. Source: journalofaccountancy.com

KnowledgeLeader’s Greatest Hits

Procurement Internal Controls Audit Work Program

The purpose of this work program is to provide the general steps used to perform an audit of procurement internal controls.

Featured KLplus CPE Training Course

International Professional Practices Framework (IPPF)

This course dives deep into IPPF, the primary performance standards for internal audit practitioners around the globe.

CCH Tax and Accounting - Accounting Research Manager Updates

Weekly Summary of Accounting, SEC, and Auditing Developments

RCM Tool Area

Registration flyer for upcoming webinar, Become a KnowledgeLeader Pro in 30 Minutes

Featured Publication

Taking the Best Route to Managing Fraud and Corruption Risks

Screenshot of the related infographic for Taking the Best Route to Managing Fraud and Corruption Risks