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Popular This Week: Treasury Risk Management Capability Maturity Model (CMM) and more!

Posted by Protiviti KnowledgeLeader on Wed, Jan 23, 2019 @ 06:36 PM

This week, we are highlighting the Top 5 Pages on KnowledgeLeader from January 14-18! Take a look at the "best of the best" of our tools that could help you simplify your audit projects.

"" 1. Internal Audit Risk Assessment Questionnaire

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.





2. Treasury Risk Management Capability Maturity Model (CMM)

This document provides a sample capability maturity model and six elements of infrastructure for the treasury risk management process. In this process, the OPTIMIZING phase shows that risk issues are identified, with appropriate integrated policies and responsibilities. This is a primary focus at this stage.



3. Internal Audit Performance Measures Key Performance Indicators (KPIs)

An effective business process is built on a set of well-defined and clearly stated business objectives. To build and continually improve an effective business process, a company establishes: key objectives to articulate the performance results the company expects from the business process, outcome measures to determine whether the company has reached the key objectives, and activity measures to monitor the performance of instrumental activities.

This tool outlines key objectives for conducting internal audits, the outcome measures associated with each objective, and the activity measures that drive each outcome measure. A link connects each outcome measure with its corresponding formula and analysis.



4. Internal Controls Checklist

This sample internal controls checklist provides a list of items to consider when assessing internal controls for common business processes.

It focuses on accounts receivable and sales controls, accounts payable controls, accrued liabilities and other expenses controls, cash disbursement controls, cash funds controls, cash receipts controls, general accounting controls, fixed-assets controls, intangibles controls, inventory and cost of sales controls, investments controls, long-term liabilities controls, notes receivable controls, payroll controls, prepaid expenses and deferred charges, and shareholders’ equity controls.





5. Business Continuity IT Process Questionnaire

Business continuity management consists of the processes used by organizations to address unplanned service interruptions. The specific processes focus on the continuance, recovery, and eventual restoration of critical business functions to their original conditions prior to the service interruptions.

This IT questionnaire can help assess an organization’s business continuity planning (BCP) strategy. A few sample questions include: Does the business consider BCP in the overall business strategy? Does the organization have a defined business impact analysis (BIA), which identifies all business processes critical to the organization and the resources that support those processes?



Topics: KnowledgeLeader tools, weekly top 5

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