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Popular the Week of August 26: Enterprise Risk Management Project Plan Guide and more!

Posted by Protiviti KnowledgeLeader on Tue, Sep 03, 2019 @ 06:44 PM

This week, we are highlighting the Top 5 Pages on KnowledgeLeader from August 26-30! Take a look at the "best of the best" of our tools that could help you simplify your audit projects.


1. Enterprise Risk Management Project Plan Guide

This guide can be used during the planning phase of implementing ERM across an organization. It supports a phased implementation approach and details tasks, deliverables and a project timeline.





2. Access Controls Capability Maturity Model (CMM)

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





3. Inventory Policy

This policy outlines guidelines and accounting policies to ensure that inventory is properly controlled and costed, and losses or shortages are prevented. It applies to all inventory items, including raw materials/parts, work in progress, and finished goods and consigned inventory. The procedures focus on inventory valuation, slow moving and excess inventory/reserves, reconciliation of perpetual inventory, physical inventory, consigned inventory, scrap, intercompany transfers, and capitalized cost.

In this sample, inventories are stated at the lower of cost or market. The valuation method for each item of inventory shall remain consistent from one accounting period to the next accounting period.







4. Close-the-Books Diagnostic Audit Report

This sample audit report can be used to measure and improve the close-the-books process for the accounting/finance function. Report contents include an executive summary, financial close process checklist and analysis, output analysis (journal entries and reconciliations), procure-to-pay process improvements, POE analysis and KPI development, and project plan for future phases.




5. 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 they expect from the business process, outcome measures to determine whether they have 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.




Topics: KnowledgeLeader tools, weekly top 5

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