risk
Period cut-off errors
Revenue, vendor invoices, payroll, capital expenditure, treasury transactions, or tax provisions recorded in the wrong period — deliberately shifted to meet targets or erroneously mis-timed — distorting period results.
Record JSON · Open in map · Data retrieval guide
Catalog revision: 24028ffcfc2b295fa1b08ee6caa84b765f0731b321496bf4f548c49ad2177028. A connection does not establish full coverage.
Attributes
- category
- financial_reporting
- domain
- Financial Reporting Controls (SOX)
- taxonomy
- sox-rmm-assertion
- inherent_rating
- medium
Details
- risk_id
- fin-cutoff-period-errors
- category
- financial_reporting
- likelihood
- medium
- impact
- medium
- inherent_rating
- medium
- treatment
- mitigate
- taxonomies
- sox-rmm-assertion
Source
No record-specific source URL is provided.
Connections
- UC-BCDR-14 — Embed control activities in business processes mitigates Period cut-off errors
- strength
- related
- rationale
- Processing-timeliness controls contribute to recording in the correct period.
- UC-ACCESS-20 — Ensure complete, accurate, and authorized data processing mitigates Period cut-off errors
- strength
- related
- rationale
- Proper-period processing contributes, but ACCESS-20 centers on input/interface completeness and accuracy; the operative cut-off controls are period-end close review and automated processing period enforcement.
- UC-FIN-08 — Control interface transfers and output delivery mitigates Period cut-off errors
- strength
- related
- rationale
- Timeliness checks on interfaces support transfer within the correct period.
- UC-FIN-02 — Review financial results and the period-end close mitigates Period cut-off errors
- strength
- primary
- rationale
- Close calendar and period-over-period variance review detect mis-timed transactions.
- UC-FIN-07 — Control automated processing and resolve exceptions mitigates Period cut-off errors
- strength
- primary
- rationale
- Automated processing enforces recording in the proper period.