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Lark Scheierman

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Cash and Treasury Management Risk and Control Matrix (RCM)

Posted by Lark Scheierman on Fri, Sep 23, 2016 @ 08:57 AM

Cash and treasury management refers to a broad area of finance involving the collection, handling, and usage of cash and assessing market liquidity, cash flow, and investments. This process has the ultimate goal of managing the firm’s liquidity and mitigating a large variety of risks.

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Topics: RCM, risks and controls, treasury

Looking at Information Produced by Entity (IPE)

Posted by Lark Scheierman on Thu, Sep 01, 2016 @ 11:39 AM


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Topics: survey reports, entity-level control, IT controls, Sarbanes-Oxley Act, PCAOB, external audit, process-level control

Two New IT RCMs Available on KnowledgeLeader

Posted by Lark Scheierman on Fri, Aug 19, 2016 @ 08:19 AM

The KnowledgeLeader team recently added two risk and control matrices (RCMs) to its tool repository. These RCMs focus on IT-oriented risks and controls. 

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Topics: internal audit, IT audit, risk assessment, IT risk, RCM, KnowledgeLeader tools

Three Sample Internal Audit Risk Assessment Questionnaires

Posted by Lark Scheierman on Fri, Jul 22, 2016 @ 02:04 PM

Internal audit performs a risk assessment to identify and prioritize key risks to best allocate the internal audit resources for the next year. This risk-based approach is focused on surveys/interviews of a cross-section of management personnel to solicit input from the potential customers of an internal audit function. The output from the surveys and interviews can be used to develop an audit plan that creates broad coverage through a blend of internal audits, control self-assessment and targeted external audit coverage.

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Topics: internal audit, risk assessment, KnowledgeLeader tools, Questionnaires

Do You Understand the Costs and Benefits of Sarbanes-Oxley Compliance?

Posted by Lark Scheierman on Fri, Jul 01, 2016 @ 11:36 AM

Sarbanes-Oxley compliance once was thought to be a relatively static, predictable process that organizations could rely on to be routine and, for the most part, static. Yet market and regulatory changes continue to make this a more dynamic process, with costs and hours continuing to rise for many organizations. The good news is that more organizations are recognizing the benefits of their compliance efforts through improved internal control structure and business processes.

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Topics: Sarbanes-Oxley, compliance, SOX, PCAOB

The Foreign Exchange Process Has Unique Risks of Its Own…As Does the Accounts Payable Process

Posted by Lark Scheierman on Mon, May 16, 2016 @ 07:14 AM

It's been one year since our launch of the new tool area Risk and Control Matrices. 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! This content is an exclusive part of a KnowledgeLeader full-access subscription.

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Topics: RCM, KnowledgeLeader tools

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

Posted by Lark Scheierman on Fri, Apr 29, 2016 @ 09:53 AM

KnowledgeLeader first started publishing RCMs in May 2015. In that time span, we've added 12 of this valuable tool type to our site, and we're very excited to keep adding to the list as time moves forward.

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Topics: RCM, KnowledgeLeader tools

Is Your Organization Managing IT Strategy Risk?

Posted by Lark Scheierman on Fri, Apr 01, 2016 @ 07:40 AM

icon image of three turning mechanical gearsIt is in this dynamic environment that IT audit leaders and functions must operate to help their organizations identify, mitigate and monitor an escalating volume of IT risks. Working in collaboration with executive management, the board of directors, IT, legal, human resources and numerous other departments, IT auditors face the daunting task of helping their organizations manage potential IT risks that could cripple the enterprise. Properly and proactively managing the organization’s IT strategy has never been more important.

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Topics: IT strategy, IT risk, RCM, KnowledgeLeader tools

Managing Security and Privacy Risks is a Business Issue

Posted by Lark Scheierman on Sat, Feb 27, 2016 @ 10:27 AM

Managing security and privacy for an organization is not an IT issue—it is a business issue requiring a comprehensive, risk-based approach to manage. Because of the risk and impact to the internal control environment, information security risk is an absolute must when outlining topics to address in the audit risk assessment and audit planning process.

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Topics: risk, security, privacy, RCM, KnowledgeLeader tools

KnowledgeLeader’s Top 25 in 2015, INCLUDING Risk and Control Matrices

Posted by Lark Scheierman on Fri, Feb 05, 2016 @ 07:20 AM

At the start of each year, KnowledgeLeader shares with you the top 25 pages from the prior year. We are pleased to share the 2015 list with you and were happy to see that two of our risk and control matrices (RCMs) made the list.

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Topics: RCM, KnowledgeLeader tools

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