The Controller's Toolkit

ISBN-13: 9781119700647 / Angielski / Twarda / 2021 / 544 str.

Christine H. Doxey

Spis treści

PART 1Chapter 1 About This ToolkitChapter 2 Defining the Role of a ControllerIntroductionGovernance, Risk Management and Compliance (GRC).Controller Job ResponsibilitiesThe Controller as Business PartnerSECTION 1 - CORPORATE AND REPUTATIONAL RISKSection IntroductionChapter 3 The Controller and Risk ManagementIntroductionRisk Management Process FlowRisk Management DefinedRisk Management ModelsRisk Management Table of ControlsRisk Management Risk and Controls MatrixChapter 4 The Controller and EthicsIntroductionEthics Program Process FlowWhat is "Tone at the Top?"Example Code of Conduct: MCICode of Conduct and Ethical ViolationsControllers and the Code of ConductThe Reaction to Unethical BehaviorA Comparison of Sarbanes Oxley Section 302 and Section 404Sox and Whistleblower ProtectionEthics Training ProgramsKey Considerations for an Ethics HotlineHow to Manage an Ethics HotlineHow Do We Know That "Tone at the Top" Is Effective?"Tone at the Top" and the "Tone in the Middle""Tone at the Top" and the U.S. Sentencing Guidelines"Tone at the Top" and the Foreign Corrupt Practices Act (FCPA)Anti-Bribery Provisions of the FCPARecord Keeping Requirements of the FCPAGuidelines for FCPA ComplianceThe Dodd-Frank ActThe Whistleblower Protection Act of 1989The False Claims ActTable of ControlsTable of Risks and ControlsChapter 5 The Controller and Corporate GovernanceIntroductionCorporate Governance Process FlowCorporate Governance for Small BusinessCorporate Governance for Private CompaniesThe Financial Aspects of Corporate Governance (Cadbury Committee 1992)The International Finance Corporation (IFC) and The Global Corporate Governance ForumThe Organization for Economic Cooperation and Development (OECD) and Corporate GovernanceWhen Corporate Governance is FlawedThe Sarbanes Oxley Act of 2002 (SOX) and Corporate GovernanceTable of ControlsTable of Risks and ControlsChapter 6 Entity Level ControlsIntroductionEntity Level Controls Process FlowBenefits of Entity Level ControlsWhy Focus on Entity-Level Controls?Why is Committee of Sponsoring Organizations of the Treadway Commission (COSO) Framework Important to Entity-Level Controls?Implementing an Entity-Level Controls FrameworkExamples of Entity-Level ControlsExecuting an Entity-Level Controls QuestionnaireTable of ControlsTable of Risks and ControlsSECTION 2 - STRATEGIC AND M&A RISKSection IntroductionChapter 7 Strategic Planning and M&AIntroductionStrategic Plan Process FlowThe Strategic Planning ProcessPreparing for Strategy (Step 1)Articulating the Mission, Vision, and Values (Step 2)Sample Mission StatementsVision Statements for New and Small FirmsAssessing the Situation (Step 3)Developing Strategies, Goals, Objectives and Budget (Step 4)Writing the Strategic Plan (Step 5)Example Strategic Plan Table of ContentsImplementing the Strategic Plan (Step 6)Evaluating the Effectiveness of the Strategic Plan (Step 7)Mergers and Acquisitions (M&A)The M&A Process FlowThe M&A Due Diligence ChecklistTable of ControlsTable of Risks and ControlsSECTION 3 - INTERNAL CONTROLS RISKIntroduction to this SectionChapter 8 Internal Controls ProgramIntroductionInternal Controls Process FlowApplication of Internal ControlsThe Three Critical Corporate ControlsAbout the Committee of Sponsoring Organizations of the Treadway Commission (COSO)Monitoring Internal ControlsRoles and ResponsibilitiesThe Impact of the Sarbanes Oxley Act of 2002 (SOX) Section 404 on Internal Controls ProgramsInternal Controls Best Practices for Privately Held CompaniesLeveraging Internal Control Basics to Implement a Controls Self-Assessment (CSA) ProgramInternal Controls and Fraud PreventionThe Fraud Triangle and Example of FraudThe Fraud DiamondTable of ControlsTable of Risks and ControlsSECTION 4 - COMPLIANCE RISKIntroduction to this SectionChapter 9 Corporate ComplianceIntroductionCorporate Compliance Process FlowThe Chief Compliance OfficerDuties of the Chief Compliance OfficerThe Controller's Compliance ToolkitTable of ControlsTable of Risks and ControlsPART 2SECTION 5 - PAYMENT RISKIntroduction to this SectionCorporate Payments Market DriversAdditional StatisticsScope of Corporate Payments RiskTable of Business Process, Sub-Process, Risk Impacts and IndicatorsChapter 10 Procure to Pay (P2P)IntroductionProcurementContract ManagementPurchasing and OrderingProcurement Reporting, Metrics and AnalyticsAccounts PayableSupplier Master FileInvoice ProcessingPayment ProcessAccounting ProcessCustomer ServiceP-CardsT&EChapter 11 Hire to Retire (H2R)IntroductionHuman ResourcesPayrollChapter 12 Order to Cash (O2C)IntroductionOrder to Cash (O2C) Process Flow DiagramSalesCustomer Master FileCredit AnalysisOrder Fulfilment and InvoicingAccounts Receivable and CollectionsCash Application and ManagementO2C Reporting, Analytics and MetricsPART 3SECTION 6: FINANCIAL OPERATIONS RISKSECTION INTRODUCTIONChapter 13 THE RECORD TO REPORT (R2R) PROCESSChapter 14 BUDGETS AND FORECASTSCAPITAL BUDGETS AND FIXED ASSETSChapter 15 THE SUPPLY CHAIN PROCESS AND INVENTORY CONTROLChapter 16 THE TREASURY AND CASH MANAGEMENT PROCESSChapter 17 SHARED SERVICES AND BUSINESS PROCESS OUTSOURCING (BPO)Chapter 18 DATA VALIDATION,ANALYTICS, METRICS AND BENCHMARKINGSECTION 7: IT RISKSECTION INTRODUCTIONChapter 19 INFORMATION TECHNOLOGY (IT) CONTROLS AND CYBERSECURITYSECTION 8: SECURITY AND BUSINESS CONTINIUTY RISKSECTION INTRODUCTIONChapter 20 BUSINESS CONTINUTY AND PHYSICAL SECURITYBusiness ContinuityPhysical SecuritySECTION 9: LEADERSHIP AND CHANGE MANAGEMENT RISKSECTION INTRODUCTIONChapter 21 LEADERSHIP AND MANAGING CHANGEChapter 22 TRENDS, PROCESS TRANSFORMATION AND DIGTIZATIONRoadmap for Process TransformationPART 4SECTION 11 - ADDENDUMTable of Controller's ToolsKey Performance Indicator (KPI) LibrarySECTION 10 - GLOSSARYIndex

O autorze

CHRISTINE H. DOXEY, CAPP, CCSA, CICA, CPC, is president of Doxey, Inc., a consultancy that has brought vast improvements to the finance departments of leading organizations worldwide. Doxey is on the Advisory Boards of The Exchange Summit and The Institute for Internal Controls. Previously, Christine was a financial executive at Hewlett Packard and Verizon Business. She has authored several books and speaks on a range of financial processes and internal controls best practices at global conferences.