KnowledgeLeader Blog

This week, we are highlighting the Top 5 Pages on KnowledgeLeader from November! Take a look at the "best of the best" of our tools that could help you simplify your audit projects.

Topics: KnowledgeLeader tools, KL top five

Pricing is defined as the monetary value an organization assigns to a particular product or service.

When setting prices, an organization must consider a wide variety of financial market factors in order to effectively determine prices for products and services.

These factors may include the following:

Topics: KL Tools, customer satisfaction, inventory and materials management, revenue, sales process & marketing, risk assessment, strategic risk, performance management/measurement

It is a common occurrence today to find many organizations investing more and more resources – money, time, staff, etc. – into technology. Consider a relatively small retail company, for example, that’s focusing on expanding its website and online ordering capabilities while also building web-based platforms that can function seamlessly on a variety of popular mobile devices. At the same time, this company also must manage a broad and growing range of risks related to security and privacy; regulatory compliance; federal, state and local laws; use of social media by employees; and information technology (IT) infrastructure stability, among many other areas.

Topics: IT audit

This week, we are highlighting the Top 5 Pages on KnowledgeLeader from November 12-16! Take a look at the "best of the best" of our tools that could help you simplify your audit projects.

Topics: KnowledgeLeader tools, weekly top 5

A lockbox is a bank-operated address to which a company’s customers can send their payments. The primary benefit of lockbox services is increasing speed and efficiency in the accounts receivable process. The bank opens the incoming mail, deposits all received funds into the company's account, and scans the payments and any remittance information. Lockbox accounts reduce the effects of processing float and the overall cost of cash processing, which are major risks associated with cash collections. In combination with electronic transfers of account information or outsourced receivables matching, electronic payments and lockboxes will greatly reduce the level of effort required to register payments in customer accounts. Automated cash mobilization (ACM) also helps reduce the effects of processing float.

Topics: KL Tools, accounts receivable,, accounting/finance, cash and treasury, credits and collections, performance management/measurement

This week, we are highlighting the Top 5 Pages on KnowledgeLeader from November 5-9! Take a look at the "best of the best" of our tools that could help you simplify your audit projects.

Topics: KnowledgeLeader tools, weekly top 5

This week, we are highlighting the Top 5 Pages on KnowledgeLeader from October 29-November 2! Take a look at the "best of the best" of our tools that could help you simplify your audit projects.

Topics: KnowledgeLeader tools, weekly top 5

One of our leading practices to consider for your accounts payable process is to develop strategic business alliances with suppliers and involve them in developing better ways to process accounts payable.

Topics: accounting/finance, cash and treasury, financial reporting, performance management/measurement, accounts payable & purchasing, supply chain, vendor management

This week, we are highlighting the Top 5 Pages on KnowledgeLeader from October 22-26! Take a look at the "best of the best" of our tools that could help you simplify your audit projects.

Topics: KnowledgeLeader tools, weekly top 5

 What is internal auditing?

The internal audit profession, through The Institute of Internal Auditors (IIA), has continued to redefine itself as business risk and organizational complexity have evolved. So, what is internal auditing? Prior to June 1999, The IIA defined internal auditing as follows:

Topics: KL Publications, audit committee & board, internal audit, audit planning, audit testing, IT audit