unified

UC-RISK-12 — Assess and mitigate fraud risk including management override

A documented fraud risk assessment considers fraudulent reporting, asset misappropriation, and corruption, evaluating incentives, pressures, opportunities, and rationalizations, and explicitly addresses the risk of management override of controls. Specific anti-override controls operate, including review of journal entries and significant estimates at an appropriate level of precision. The assessment and mitigating controls are refreshed at least annually with documented results.

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

Attributes

domain
Risk Assessment & Management
type
detective
category
administrative

Details

unified_id
UC-RISK-12
title
Assess and mitigate fraud risk including management override
statement
A documented fraud risk assessment considers fraudulent reporting, asset misappropriation, and corruption, evaluating incentives, pressures, opportunities, and rationalizations, and explicitly addresses the risk of management override of controls. Specific anti-override controls operate, including review of journal entries and significant estimates at an appropriate level of precision. The assessment and mitigating controls are refreshed at least annually with documented results.
domain
Risk Assessment & Management
control_type
detective
control_category
administrative
members
  • framework
    soc2
    control_id
    CC3.3
    coverage
    full
    relationship
    superset_of
  • framework
    coso-ic
    control_id
    P8
    coverage
    full
    relationship
    superset_of
  • framework
    sox
    control_id
    ELC-MGMT-OVR
    coverage
    full
    relationship
    superset_of
guidance

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