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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

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

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