Wed, Sep 27, 2023


The following tools were published on KnowledgeLeader this week:

Close-the-Books Audit Report

The best-practice steps included in this audit report sample can be used to improve an organization’s close-the-books process. Best practices covered in this sample include limiting the number of general ledger trial balances and performing account analysis and reconciliations outside the close process.

IT Asset Management Guide

IT asset management captures and integrates auto discovery/inventory and financial and contractual data in a central repository for all IT assets. This guide focuses on improvements organizations can make to effectively perform their IT asset management process.

Post-Merger Integration Activities Guide

Acquisition integration is the full process of preparing for and blending an acquisition into the company making the acquisition. Integration includes preparing the acquired party to deliver on the objectives of the acquiring company that motivated the purchase. Organizations can use this document as a general guide for understanding their key post-merger integration activities.

Foreign Exchange Management Policy

This tool contains two sample policies that set forth the appropriate guidelines for foreign exchange management. According to this policy, while maintaining foreign exchange transaction costs within budget targets, it is the company’s policy to minimize foreign exchange losses due to balance sheet exposures.

Leases Policy

This sample leases policy provides guidelines for accounting for leases when a company is either the lessee or the lesser. In this sample, for operating leases, initial assets or obligations are not recorded, and the lessee generally records the rental payments on the lease as rent expenses over the lease term. 

Foreign Intercompany Accounting Policy

This policy outlines guidelines for financial transactions that arise between a domestic (U.S.) and a foreign entity or between two foreign entities. In this sample, intercompany profits in inventory must be identified at least quarterly. The appropriate calculations should be made and communicated to the corporate consolidation department for recording. 

Confidentiality Policy

This tool includes three sample policies that define guidelines concerning confidential company information. In these samples, confidential information includes all information not publicly announced that could reasonably affect the market price of the company’s stock if it were disclosed to the public. 


KnowledgeLeader has also published several publications this week.

2023 Global Technology Executive Survey

Innovation is the name of the game in today’s global market. This report exposes several trends and themes that should be of great interest to technology leaders seeking to help their organizations achieve competitive advantage and grow their capabilities and offerings.

Carlyle: Building Relevance From the Start — and Taking It on the Road

Carlyle Global Chief Audit Executive Daniel Mutzig describes how his team aims to increase its relevance and be seen as a high-quality function within the firm.

Economist Peter Henry Offers a Road Map for a More Equitable and Prosperous Future

Stanford Economist Peter Henry and Protiviti’s Joe Kornik explore the future of money – specifically, what could lead us to a more equitable and prosperous future.

Recommended Resources 

This list of recommended resources from the web may be of interest to you. Click each link to learn more. 

  1.  Cybersecurity and Data Privacy: Seven Challenges for CFOs to Address
  2.  AI in Hiring: Four Steps to Avoid Legal Headaches
  3. Climate Goals Reported Across Multiple Corporate Sources, Study Finds