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.
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.
Diversity refers to "human qualities” that are different from our own and those of groups to which we belong, but that are manifested in other individuals and groups. Dimensions of diversity include, but are not limited to: age, ethnicity, gender, physical abilities or qualities, race, sexual orientation, educational background, geographic location, income, marital or partner status, military experience, parental status, religious beliefs, work experience, and job classification. Diversity is about what makes us unique and includes our backgrounds, personality, life experiences and beliefs. It is a combination of the visible and the invisible differences that shape our view of the world, our perspective and our approach.
Financial consolidation is the process of combining the financial results of several subsidiary companies into the combined financial results of the parent company. During this process, business complexities arise, questions must be answered, and long hours are often clocked by employees in the accounting and finance departments. It’s also a good time to think about how to improve the internal control structure to keep the process running smoothly.
The company payroll process has the attention of all employees and impacts everyone. Because it is such a critical business process, it is important to regularly review the associated risks and controls.
If your organization were to face an extreme event, would it be able to continue normal operations? If your answer is yes, then you surely have a robust business continuity management strategy in place. If you’re not confident about your company’s business continuity plan, however, there’s no better time to strengthen it than the present.
The accounts payable process is one that both organizations and individuals can relate to. If you have bills to pay, you have entered the land of accounts payable.
KnowledgeLeader’s close the books topic is populated with over 55 documents. Our content in this area is popular—new close the books tools and publications end up in our weekly top five most viewed pages nearly every time they are published. This was definitely the case when we published the General Ledger Accounting—Close the Books RCM.
We are extremely proud to announce a new tool area: Risk and Control Matrices (RCM). Members have been asking for these samples, and we have managed to put together a tool like no other on our site.
Each sample RCM contains a compilation of risks by business process and a vast array of possible controls to choose from. Unlike any of our other tools and resources on KnowledgeLeader, each of our RCMs will be periodically refreshed with new content after its initial publish–making it its own expanding resource. So you’ll have to keep an eye out for updated RCMs that will indicate we’ve added new risks sand controls!
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