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What is Organizational Alignment Risk?

Posted by Protiviti KnowledgeLeader on Thu, Feb 22, 2018 @ 11:33 AM

What is Organizational Alignment Risk?

Organizational alignment is defined as a conscious and systematic coordination and alignment of three powerful and interrelated driving forces: organizational strategy, organizational culture and organizational infrastructure. Organizational alignment is to be mutually supportive and contribute as efficiently and effectively as possible to meet organizational goals and objectives.

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Topics: enterprise risk management, risk assessment, audit committee & board, strategic risk, performance management/measurement, KL Tools

What is Transaction Authenticity?

Posted by Protiviti KnowledgeLeader on Thu, Feb 15, 2018 @ 03:57 PM

What is Transaction Authenticity?

Transaction authenticity can be defined as the authentication of a party’s (individual, organization) identity, to ensure that pending transactions and contractual agreements are legal and enforceable.

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Topics: IT audit, IT infrastructure, cloud computing, IT risk, IT controls, performance management/measurement, KL Tools

Guide to Managing Mergers and Acquisitions KPIs

Posted by Protiviti KnowledgeLeader on Thu, Feb 08, 2018 @ 05:03 PM

mergers-acquisitions-300x201_0-1.jpgFew things can be as fraught with stress and complication for top executives and business owners as evaluating mergers and acquisitions. Some mergers are consummated to capitalize on new geographic or demographic markets, expand product offerings, facilitate the acquisition of key employees, boost productivity, reduce competition by absorbing a rival company, or even more long term strategies. Whatever the reason, the process and outcome must be measured to determine if it was successful in meeting business objectives.

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Topics: initial public offering, accounting/finance, performance management/measurement, KL Tools, Mergers & Acquisitions

What is Strategic Forecasting?

Posted by Protiviti KnowledgeLeader on Thu, Feb 01, 2018 @ 11:27 AM

Budgeting is a systematic process for:

  • Expressing future plans in formal quantitative terms
  • Allocating resources to achieve strategic goals
  • Monitoring progress toward goals
  • Controlling spending
  • Predicting cash flow and profits
  • Serving as a vehicle for communicating plans in an orderly manner throughout the organization
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Topics: audit planning, accounting/finance, KL Tools, budgeting

What is Financial Instrument Risk?

Posted by Protiviti KnowledgeLeader on Thu, Jan 25, 2018 @ 05:13 PM

tablet with a graph on screen.jpgWhat is Financial Instrument Risk?

Buyers and sellers may enter into sub-optimal financial or commodity instrument structures that have been standardized for efficient electronic trading. Conversely, buyers and sellers may enter into transactions where some trade terms were not anticipated due to shortcomings in the electronic communication means portraying the transaction.

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Topics: compliance, investments and foreign exchange, financial services industry, energy & utilities, performance management/measurement, KL Tools

The Top 25 KnowledgeLeader Pages of 2017

Posted by Protiviti KnowledgeLeader on Fri, Jan 19, 2018 @ 08:24 AM

As we start another year, we love to look back and make note of the audit tools and publications that were most popular with you all over the past 12 months. This year's Top 25 list has variety--we see some classics, some surprises, and a lot of content that should be useful for completing your audit projects throughout 2018 and beyond. Check out the full list and enjoy!

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Topics: KnowledgeLeader tools, KnowledgeLeader Publications

Settlement Risk: Using Key Performance Indicators to Mitigate Exposure

Posted by Protiviti KnowledgeLeader on Fri, Jan 12, 2018 @ 09:59 AM

Settlement risk, in its simplest form, is the risk that one party won’t hold up their end in a transaction. There are several reasons this can occur, including time delay, system failure or default, and can also include risk associated with unexpected cost and/or administrative inconvenience.

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Topics: investments and foreign exchange, performance measurement, risk management, settlement risk, cash and treasury

Process Alignment Risk Key Performance Indicators Guide

Posted by Protiviti KnowledgeLeader on Fri, Jan 05, 2018 @ 08:38 AM

What Is Process Alignment Risk?

This is the risk that the business processes within a company may not be appropriately aligned with its corporate strategy, resulting in the inability of the organization to meet the demands of its customers efficiently and effectively. Process alignment can be defined as the synchronization of business process objectives and performance measures with organizational objectives and strategies, with a view to avoiding conflicting, uncoordinated activities.

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Topics: risk assessment, performance measurement, strategic risk, knowledge management

The Best of KnowledgeLeader: December Edition

Posted by Protiviti KnowledgeLeader on Fri, Dec 15, 2017 @ 10:09 AM


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

Fraud Detection Red Flags

Posted by Protiviti KnowledgeLeader on Fri, Dec 01, 2017 @ 07:40 AM

Fraud: Corporate fraud, employee theft, insurance scams/workers compensation fraud, employer fraud, forgery/falsified documents and even money laundering. Nobody likes to think it’s happening in their company, and yet global fraud studies by the Association of Certified Fraud Examiners (ACFE) estimate a median of 5% of revenue is lost every year due to fraud. While the ACFE found that both large and small organizations fall victim to occupational and workplace fraud, employee theft and financial fraud are especially detrimental to businesses with less than 100 employees.

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Topics: fraud, ethics, internal controls, segregation of duties

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