Description
Check out the 10 most frequently viewed audit tools and publications on KnowledgeLeader in August.
1. Entity-Level Controls: The Importance of Setting the Tone
This blog post explains the importance of entity-level controls and explores the COSO Framework.
2. Enterprise Risk Management Questionnaire
This risk assessment questionnaire can be used when analyzing an organization’s ERM strategy.
3. Management Response to Internal Audit Reports Memo
This memo outlines specifics to consider when drafting management responses to audit observations.
4. The Four C's in Overseeing Internal Audit
This issue of Board Perspectives discusses the four C's directors should consider when evaluating the sufficiency of any risk-based audit plan: culture, competitiveness, compliance and cybersecurity.
5. Director of Internal Audit Job Description
These two samples outline the responsibilities, key selection criteria and general information for the director of internal audit role.
6. Physical Inventory Count Memo
This sample memo provides physical inventory instructions that a company can use to compare counted quantities to on-hand quantities in order to identify discrepancies.
7. Process Documentation Narrative and Flow Chart Guide
This guide outlines documentation techniques to develop an adequate understanding of any processing environment.
8. Internal Audit Department Key Performance Indicators (KPIs)
This tool includes three sample documents that provide guidance internal audit and management can use to evaluate their performance measurements.
9. Human Resources Capability Maturity Model (CMM)
This capability maturity model can be used to measure the maturity of an organization’s human resources management process and to assist its progress from the initial/ad-hoc state toward the optimized state.
10. Control Design Effectiveness Review Checklist
This tool provides guidelines to consider while reviewing effectiveness of the controls which are designed to mitigate risks.