Audit News that's Fit to Print!
Welcome to the AuditNet® Newsletter published monthly, featuring internal audit related content and resources. Return every month to read the latest Audit News That's Fit to Print. Subscribers have unlimited downloads to hundreds of audit templates, programs, risk control matrices, questionnaires, checklists and guides. Go to the online version.
Jim Kaplan CIA CFE and AuditNet® Founder
Auditing ESG: Why Sustainability Reporting Needs Oversight
ESG reporting is falling under greater scrutiny—which means that the dotted line that exists between finance, sustainability and audit teams needs to be strengthened. The imperative to embed trust within ESG reporting processes can only be met if auditability is considered from the outset. But creating a robust, audit-ready environment for all sustainability information is easier said than done.
To help you understand how to strengthen the connection between siloed teams so you can minimize risk and drive value through your corporate stories, leaders framed the main challenges and opportunities during a recent interactive discussion. Watch our webinar on demand to learn more about:
- How regulations and standards are evolving to centre auditability within ESG reporting.
- Why finance, sustainability and audit teams need to work together to build trust and ensure data integrity
- How to break down silos and collaborate with ease to improve the credibility of your ESG reports
- Why gaining an oversight of the end-to-end process and integrating risk management with sustainability will drive value for your investors
Top 3 Reasons that Auditors Visit AuditNet® (according to a recent survey)
- Finding audit programs
- Finding online training with CPE and,
- Researching best practices.
Join thousands of other auditors that subscribe or come to AuditNet® through a site license partner and you will have access to over 3,000 audit program templates and be eligible to earn CPE at no additional cost and find best practices from other audit departments!
According to the 2019 AuditNet® User Survey, the main reason auditors visit AuditNet® is to find templates for audit. As a result we moved the current and upcoming audit template additions here for the benefit of users. The following audit templates were added and are now available to subscribers. Come to the site to download a list of all the templates. NOW hundreds of free audit templates - the largest inventory of audit program templates on the Internet!
Template Additions This Month
- Accounts Payable Accruals Process Flow
- Asset Operations RCSA
- Branch Banking RCSA
- Business Compliance RCSA
- Call Centre RCSA
- Cash Management Audit Program
- Cash Management Operations RCSA
- Centralized Processing Unit RCSA
- Check Book Issuance Process Flow
To view the most recent additions to the templates click on 'Audit Templates' in the navigation panel and then click on 'Added'. You may also search using the 'Search Audit Programs' box.
AuditNet® has always made available a downloadable (Excel csv) list of templates which included the name, subscription level and date added. We have updated the functionality so that the list now includes a description of the templates, number of times that templates were downloaded and a URL direct link to the template. You must be logged in to your subscription or access from a site licensee secure login link in order to download the template from the URL. We added this functionality as a benefit to subscribers and site license users to facilitate downloading. Non subscribers will be blocked from downloading content and be redirected to subscribe. To download the CSV file click on the Audit Templates link on the navigation column, Then click on Download a listing of Audit Programs
Survey: Help Us Prioritize Improvements to Audit Software!
We know Auditing is a complex job with many steps. As an experienced practitioner, we would appreciate your input in our "Jobs to be Done" survey. This survey will help us identify the important parts of your job that are not being well supported by existing software solutions. The results of this 10-15 minute survey will inform the development of new and enhanced software solutions to make your job easier and more impactful. Take the survey.
Reuters Responsible Business Europe 2022 - Wednesday, June 8 - Thursday, June 9: At this year’s Responsible Business Europe 2022, join 400+ CEOs and senior-level executives from business, finance, and government to build the networks, collaborations and learning that will make 2022 the decisive year, in the decisive decade. Register now.
Webinar SOX/Internal Control Assessments for Crypto Mining Companies - June 9, 2022 (1 PM CT): Hear from experts on how to implement or maintain a SOX/internal control assessment program to maximize efficiencies, transparency, and ownership. Jim Kaplan and Grant Ostler from Workiva along with Armanino’s crypto experts will discuss what’s going on in the world of crypto as well as how automation can help streamline your processes. Plus, earn one free CPE credit for attending. Register now.
IIA International Conference 2022 - Sunday, July 17 - Wednesday, July 20: This is a great opportunity to expand your peer network and to get up to speed on the top issues facing the Internal Audit profession during these challenging times. Use the Discount Code: IC22WKVA to reduce the cost of your event. Register here.
Workiva Amplify 2022 Conference - Monday, September 12 - Thursday, September 15: The Amplify conference is an annual multi-day event that brings together thousands of finance, accounting, ESG, and compliance professionals. Register here!
Workiva Platform Demo: Virtual Webinar - Thursday, June 9 (12 PM CT): Think all reporting platforms are the same? Fed up with workarounds and stopgap reporting tools? Join our weekly platform demo to see why 4,100+ other organizations trust Workiva! In just 30 minutes, you’ll experience an entire record-to-report (R2R) process, with real-life examples of how you can develop management reports, financial reports, and more. The demo occurs every Thursday at 1 p.m. ET, so choose the date that is most convenient for you! Register Today!
This Month's Featured Articles
What SOX Can Teach Us About ESG - Sue King, partner at KPMG, shares her thoughts on SPAC and IPO transactions, 20 years of SOX, and lessons learned from SOX that we can apply to ESG. Read the full article. Read the full article here.
Your Roadmap for Scalable, Agile, Auditable ESG Reporting - As ESG reporting becomes more complex, start strengthening your process now to meet growing demand, defend your brand, and maintain access to capital. Use this template as a roadmap of routes to consider, depending on your goals and priorities. Get the template.
The ISSB: A Game-Changer for ESG Reporting - The creation of the International Sustainability Standards Board (ISSB) during COP26 was big news within the world of ESG reporting. In this article, we look at why it’s important and what it means for businesses. Read more.
KPMG Provides Insights Organizations Need to Operationalize ESG - The "G" in ESG is critical for operationalizing an ESG strategy and measuring progress towards goals. Although there is an expectation that new roles and responsibilities will be established and new processes crested, leadership should strive to integrate ESG into existing structures, functions,and processes. Get more information about building effective Governance into your ESG program.
ESG Content Hub - Stay ahead of the curve with access to all of the latest news, resources, and real-life stories from ESG influencers, Workiva and beyond. Check it out!
The AuditTalks Discussion Powered by AuditNet® - The AuditTalks Forum powered by AuditNet® was created to help auditors (both current and future) globally to connect, share and collaborate. AuditNet® was established on the principle of progress through sharing and this forum is the 21st Century vehicle for online connections. This Forum is COVID Free, and we welcome the global audit community to post questions, share best practices and ideas to help others. If you are career auditor, we encourage you to mentor new auditors by contributing to this tool. Sign up for a free AuditNet® subscription and join AuditTalks today!
Benefits for Subscribers? AuditNet® subscribers can choose from hundreds of templates (audit programs, matrices, checklists, e-books and more) available for download. The templates are meant to be idea generators that help jump start your audit project. Click here to subscribe!
Workiva Inc. (NYSE:WK) is on a mission to power transparent reporting for a better world. We build and deliver the world’s leading regulatory, financial, and ESG reporting solutions to meet stakeholder demands for action, transparency, and disclosure of financial and non-financial data. Our cloud-based platform simplifies the most complex reporting and disclosure challenges by streamlining processes, connecting data and teams, and ensuring consistency. Learn more at workiva.com.