risk

Manual journal entries and management-override risk

Manual/automated journal entries posted with transposition errors, wrong account codes, or amounts; recurring entries not updated; and top-side entries used to override controls and manage earnings at period-end.

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Catalog revision: 24028ffcfc2b295fa1b08ee6caa84b765f0731b321496bf4f548c49ad2177028. A connection does not establish full coverage.

Attributes

category
financial_reporting
domain
  • Financial Reporting Controls (SOX)
  • Logging, Monitoring & Detection
taxonomy
  • sox-rmm-assertion
inherent_rating
high

Details

risk_id
fin-journal-entry-management-override
category
financial_reporting
likelihood
medium
impact
high
inherent_rating
high
treatment
mitigate
taxonomies
  • sox-rmm-assertion

Source

No record-specific source URL is provided.

Connections