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Conceptual Control Framework. To improve control and reduce complexity – concentrate on your left, the D controls…. Financial Statements. Key Reporting Controls. Supporting Controls (Transactions). IT Embedded Controls. Balance Sheet Income Statement. D.1. D.2. D.3. D.4. C.1 C.N. EUC
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Conceptual Control Framework To improve control and reduce complexity – concentrate on your left, the D controls… Financial Statements Key Reporting Controls Supporting Controls (Transactions) IT Embedded Controls Balance Sheet Income Statement D.1. D.2. D.3. D.4. C.1 C.N EUC AEC C.11 OLA C.12 PDW as a “Filter” By major class of trade… Start end-to-end mapping process in a risk-based, financial statement reporting priority
Conceptual Control Hierarchy Set “attention” priority to improve control & reduce complexity Financial Statements IS BS CLC Direct Analysis Closing Complex Transactions Transactions C-Transactions AEC - EUC IT Embedded Controls ITCC - Applications ITGC - Infrastructure OLA – True High Business Principles, BCI, Assurance, Audit H/R – Quality People