KnowledgeLeader Blog

Popular the Week of July 15: Annual Internal Audit Plan Report and more!

Posted by Protiviti KnowledgeLeader on Tue, Jul 23, 2019 @ 05:20 PM

This week, we are highlighting the Top 5 Pages on KnowledgeLeader from July 15-19! Take a look at the "best of the best" of our tools that could help you simplify your audit projects.


1. Annual Internal Audit Plan Report

In this sample, core foundational audits are conducted each year that focus on key-risk areas, hotel-specific processes, SEC and other regulatory requirements. Sarbanes-Oxley (SOX) audits are performed and include a financial reporting process, financial systems, hotel audits for finance, operations and IT areas, and cyber risk and data privacy. Hot topic/top-of-mind audits address key-risk areas and ongoing initiatives are consistently referenced during risk assessment sessions and risk council meetings and/or identified during prior year audits.



2. Why Auditors Rarely Find Fraud

In today’s world where corporate scandals often make front page news, fraud prevention and detection are becoming a priority for management and decision makers. Typically, a large majority of midsize to large organizations consider their internal and external auditors as the pivotal tool for uncovering fraud and taking preventive measures to minimize the risk of loss incurred due to a fraud. However, this doesn’t imply that independent auditors often identify fraud, in fact, the opposite is true in many cases.

In this article, Protiviti Director Anthony Hodgkinson describes some of the reasons auditors rarely find fraud and offers suggestions on ways auditors can enhance their role in fraud detection and prevention.







3. Business Continuity Management Capability Maturity Model (CMM)

This capability maturity model can be used to measure the maturity of an organization’s business continuity management process and to assist its progress from the initial/ad-hoc state toward the optimized state.






4. 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.





5. Internal Auditing Around the World: Volume 15

The new edition of Internal Auditing Around the World asks how internal audit teams can adopt more agile practices, engage the business earlier in the audit process and become more data and technology enabled to provide effective risk management more efficiently and predictively. Sixteen organizations were interviewed and their experiences dealing with these questions are presented as case studies in the book.











Topics: KnowledgeLeader tools, weekly top 5

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