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Popular This Week: Information Technology (IT) General Controls Questionnaire and more!

Posted by Protiviti KnowledgeLeader on Tue, Dec 11, 2018 @ 10:22 AM

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

"" 1. Information Technology (IT) General Controls Questionnaire

This tool provides questions to consider when assessing a company’s information technology (IT) controls.

The major focus areas include organizational structure, hardware, software, security, backup procedures, business continuity plan (BCP), application change procedures, remote access, internet, outsourcing, information processing integrity and compliance. Sample questions include: How many employees are in the IT department? How many contractors are in the IT department? If you use contractors or consultants, what do they work on? Are IT personnel assigned to specific job descriptions?





2. The Next Generation of Internal Auditing — Are You Ready? Catch the Innovation Wave

Change in today’s economy is being driven by advances in technology and the use of data, as well as the broader economy in which knowledge, entrepreneurship, innovation, technology and collaboration are fueling growth.

Innovation changes the business model and, as a result, the organization’s risks, as evidenced in the top global risks for board members and C-suite executives. Internal audit not only must respond to these changes, but also must be prepared to assess if the business is undertaking its innovation and transformation initiatives in the best possible manner. In order to accomplish this, internal audit must innovate itself.



3. Accounts Payable Review Audit Report: Sample 2

The objectives of this audit report are to obtain an overall, high-level understanding of the accounts payable process and related functions; evaluate the adequacy and effectiveness of key internal controls and overall operational effectiveness related to the accounts payable and disbursements process; assess the existence and adequacy of policies and procedures; and identify opportunities for process and control improvement.



4. Control Self-Assessment Questionnaire: Financial Reporting and General Ledger

This sample helps a company determine whether its established controls for financial reporting and the general ledger are designed and operating properly to meet control objectives.

The major sections include background information, segregation of duties, internal control identification, internal control assessment and walkthrough comments. The financial reporting and general ledger processes primarily cover the accounting activities performed to periodically close the general ledger and create financial statements. These processes should cover all ledger-related activities, reconciliations, compiling, reviews and reporting activities.




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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