KnowledgeLeader Blog

Risk Assessment Maps and Prioritizing Business Processes

Posted by Protiviti KnowledgeLeader on Fri, Nov 17, 2017 @ 08:39 AM

Risk assessment helps identify and document critical business processes and the internal controls within each process. Combined with facilitated management meetings, this approach can help gain company-wide consensus by including key process owners in risk and controls analysis.

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Topics: enterprise risk management, performance management, risk assessment, governance risk & compliance, performance measurement

Improving Controls Through Integrated Business Planning

Posted by Protiviti KnowledgeLeader on Mon, Nov 13, 2017 @ 08:49 AM

Most organizations are struggling with a disconnect between financial planning and the planning that goes on in operations/production, which leads to challenges in execution of strategy and errors in planning. This makes it difficult for businesses in general (and CFOs in particular) to deliver predictable results. The goal of integrated business planning (IBP) is to connect these disjointed teams, currently planning in their own silos with limited regard for the business realities of the other teams. 

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Topics: performance management, internal controls, performance measurement, accounting/finance

Top Ten KnowledgeLeader Publications: Q3 2017

Posted by Protiviti KnowledgeLeader on Fri, Nov 03, 2017 @ 10:20 AM


In case you missed them, these were the ten most popular publications on KnowledgeLeader last quarter:

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Topics: KL Top Ten, KnowledgeLeader Publications

Do You Have Adequate Documentation for Your Business Processes?

Posted by Protiviti KnowledgeLeader on Fri, Oct 27, 2017 @ 07:07 AM

Good process documentation doesn’t just describe how things work—it tells a story of an organization’s modus operandi (MO). As with any storytelling, it’s possible you might sit down to document your process and encounter writer’s block. There it is, the dreaded blank page taunting you as you struggle to decide how to get started.

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Topics: performance management, internal audit, performance measurement, process-level control, document retention

The Best of KnowledgeLeader: Q3 2017

Posted by Protiviti KnowledgeLeader on Fri, Oct 13, 2017 @ 09:02 AM


In case you missed them, these were the ten most popular tools and publications on KnowledgeLeader last quarter:

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Topics: KnowledgeLeader tools, KL Top Ten

Guide to the State of Data Analytics

Posted by Protiviti KnowledgeLeader on Fri, Oct 06, 2017 @ 08:58 AM
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Topics: performance management, IT audit, data analytics

A Guide to Self-Assessment Value Proposition

Posted by Protiviti KnowledgeLeader on Mon, Oct 02, 2017 @ 06:40 AM

Self-assessment is a process through which an organization utilizes its internal knowledge to identify and assess uncertainties and the extent to which current practices are sufficient and appropriate to manage and achieve strategic objectives. Self-assessment drives the "tone at the top" down to process owners.

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Topics: internal audit, internal controls, entity-level control, self assessment

The Best of KnowledgeLeader: September Edition

Posted by Sharise Cruz on Fri, Sep 15, 2017 @ 03:59 PM


In case you missed them, these were the five most popular tools and publications on KnowledgeLeader last month:

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Topics: KnowledgeLeader articles, KnowledgeLeader tools, KL top five

Comparing U.S. Sarbanes-Oxley (SOX 404) with Canada’s C-SOX (Bill 198) and Japan’s J-SOX (FIE)

Posted by Protiviti KnowledgeLeader on Mon, Sep 11, 2017 @ 07:50 AM

As a result of the infamous Enron and WorldCom scandals, the U.S. reacted with strict guidelines to re-establish confidence in the financial market. Commonly referred to as the Sarbanes-Oxley Act, or “SOX,” the Public Company Accounting Reform and Investor Protection Act of 2002 was implemented to protect shareholders and the general public from fraud and general accounting errors. SOX has come to be considered part of the total fabric driving reliable financial reporting, impacted by securities laws and regulatory oversight, exchange listing requirements, accepted accounting principles, effective auditing standards, accounting firm oversight, effective standards for audit committees of boards, and independence requirements for directors and auditors, among other things.

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Topics: Sarbanes-Oxley, internal controls, PCAOB

Guide to Risk and Risk Reporting

Posted by Protiviti KnowledgeLeader on Fri, Sep 01, 2017 @ 08:22 AM

Business risk is the level of exposure to uncertainties that the enterprise must understand and effectively manage as it achieves its objectives and creates value. It is not just about threats; there is an upside as well as a downside. Risk is not about a single point estimate—time frame is an important factor when evaluating risk, and exposure and uncertainty are important factors.

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Topics: risk assessment, governance risk & compliance, strategic risk

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