The objectives of a business intelligence competency center (BICC) are to provide the organization with better control over operational and financial reporting, reduce reporting costs, improve consistency, and provide the organization with more complete information for management decisions. BICCs are often business-led cross-functional teams that provide organizational support and guidance for implementation and usage of business intelligence processes and technology. They can live within the IT organization, but more often are business driven.
It's been two years since we released the new tool area: Risk and Control Matrices. To celebrate, we published one new RCM each week of May.
Hopefully you were able to see the latest risk and control matrices published on KnowledgeLeader during May. These extensive tools contain a compilation of risks and a vast array of possible controls.
It's been two years since we released the Risk and Control Matrices tool type. To celebrate, we plan to publish one new RCM each week of May and we're granting our trialers access to the new RCMs for their first week of publish!
These extensive tools contain a compilation of risks by business process and a vast array of possible controls for each.
Internal audit has started the journey toward enabling analytics in audit processes, but there’s a long road ahead. The key findings from Protiviti’s 2017 Internal Audit Capabilities and Needs Survey explain why. In a digital world, now is the time for internal audit functions to embrace analytics. This is the most significant takeaway from this 2017 survey, the results of which show that chief audit executives (CAEs) and internal audit professionals increasingly are leveraging analytics in the audit process, as well as for a host of continuous auditing and monitoring activities.
Auditing fixed assets is extremely important to ensure that accounting for capital assets and depreciation is in compliance with management’s objectives. KnowledgeLeader has over 70 pieces of content focused on the fixed assets process.
Risk oversight and risk management are high priorities on the agenda of most organizations. Here are popular KnowledgeLeader tools that focus on risk management:
One of my favorite lists to review each year in January is KnowledgeLeader’s list of the top 25 pages from the previous year. I am always curious what will end up on this list as it is different each year. In 2016, our subscribers frequented the Process Classification Scheme (PCS) more than any other page. This tool was originally published on our site in 2007 and is a staple framework to our Risk and Control Matices (RCM) library.
The purposes of the audit plan are, first, to contribute to the effectiveness of the audit and, second, to contribute to the audit efficiency. KnowledgeLeader has two sample audit planning memos that could help you with the planning process. They have also been popular with our subscribers and appeared in our weekly top 5 during the past 30 days. Enjoy!
System development lifecycle (SDLC) methodology promotes and provides a controlled business environment where an orderly process takes place to minimize risk for implementing major new applications or changes to existing applications that have an urgent priority for an organization.
This particular memo struck a chord with subscribers last week. Last week it held the #3 spot in our Weekly Top 5, which makes sense as public companies are “in the throes” of preparing for their fiscal year-ends, typically involving compliance with the Sarbanes-Oxley Act.
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