24 Desde the audit library

 

Audit Sampling 101

Audit sampling is a critical process that is often overlooked.
 
Here are some tips and tricks for audit sampling:
 

• Always include the full report or population you are sampling from in your audit workpapers.
• Before pulling a sample, verify a control total to make sure you are working with a complete population. Examples are checking whether total credits equal total debits on a general ledger report, or re-calculating a report of total expenses in your audit period.
• Include a workpaper with your sampling methodology and sampling selections.
• If additional selections are pulled, clearly document the purpose.

 
While many of our subscribers use ACL or IDEA to pull samples (these programs make sampling a breeze!) we know not all of you have access to such resources. Check out our random sample generator (for bank, credit union, or non-industry specific use) which allows you to quickly pull a random sample from a small population without duplicates. Performing an audit sample and documenting it might seem like a lot of work, but trust us, it is easier than testing 100%!

4 Desde HBR

 

Today’s Tip

Remind Your Team That Their Work Has Impact One often-overlooked way to motivate employees is to encourage them to consider how their job helps others. To nudge your team into this transformational mindset shift, turn their attention to one—or more—of these key groups their work may be serving each day. Clients or customers. Look for ways to make your employees' impact more tangible than just revenue and profit. Collect testimonials to share with your team, invite customers or clients to speak at meetings, and keep a running list of real people positively affected by your products or services. Colleagues. Ask your team: What would it look like if we all decided to serve each other the same way we serve clients or customers? Brainstorming around this question will lead to a culture of encouragement, support, and compassion. Community. Think about your organization's broader context. What opportunities does your team have to serve your community right now? Encourage and incentivize your employees to engage in these opportunities. Loved ones. Even on hard days, remind your team to take comfort in the fact that their work is an act of service to those they love—whether it's families they're supporting, people they're providing care for, or charitable works they're contributing to. This tip is adapted from “Feeling Demotivated? Consider How Your Job Helps Others.,” by John Coleman

52. Desde TechTarget

 

Evolución del rol del CIO es clave para el futuro del trabajo Allan Tate, presidente ejecutivo del Simposio de CIO del MIT Sloan, explica cómo la pandemia empujó a los CIO a la vanguardia mientras las empresas se esforzaban por adaptarse.

3 Desde Alerta de la Fundación IFRS

 

IFRS Foundation news alert

7 September 2022

IFRS Foundation talks accounting and sustainability matters at Meet the Experts

The event, which has contributions from the IFRS Foundation and PwC, brings together standard-setters, regulators, investors and industry professionals to discuss current accounting developments and critical economic and regulatory updates for reporting professionals in order to stay ahead of the reporting curve.

4 Desde HBR

 

Today’s Tip

Lead Your Team Through a Big Change How can you get your team on board with a disruptive organizational change? It's all about making people feel a sense of belonging through the transition. To do this, start by being mindful of your own emotions. Are you feeling uprooted by the change yourself? If so, focus on unpacking why. This will help you manage your negative emotions and share them honestly with your employees. Next, identify what your people are afraid of losing. Look beyond what might seem like their reflexive resistance to change and seek to understand what they treasure and hope to protect. Then, talk about it. To help your team see not only what needs to change, but why it needs to change, lead conversations that explore their discomfort and envision a brighter future. Finally, validate people's trepidation. Being transparent about the costs of change, rather than falsely optimistic, will help you rebuild loyalty and trust through the process. This tip is adapted from “How to Get Your Team on Board with a Major Change,” by Deborah Rowland et al.