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Popular This Week: Audit Committee Quarterly Update Report and more!

Posted by Protiviti KnowledgeLeader on Tue, Jun 11, 2019 @ 04:55 PM

This week, we are highlighting the Top 5 Pages on KnowledgeLeader from June 3-7! Take a look at the "best of the best" of our tools that could help you simplify your audit projects.


1. Audit Committee Quarterly Update Report

This sample audit committee quarterly report includes a summary of internal audit activities completed and in progress, an internal audit/SOX timeline, a walkthrough/interim testing timeline, and a goals update.





2. 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.





3. Payroll and HR Leading Practices

The payroll and HR processes focus on managing employee performance and compensation practices within an organization.







4. Accounts Payable RCM

A successful risk management strategy requires a strong internal control environment. The RCM format emphasizes that strong and risk-oriented internal control environments are often optimized with automated/manual controls, depending on the situation. 

This document outlines risks and controls common to the 5.2.1 Process Accounts Payable process in a risk control matrix (RCM) format. 



5. AR and Cash Application Process Flow

This document can be used as a general guide to understand and review the AR and cash application process. Organizations should continuously update and monitor the processes included in this document to ensure that they accurately reflect business operations.





Topics: KnowledgeLeader tools, weekly top 5

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