{"catalogRevision":"24028ffcfc2b295fa1b08ee6caa84b765f0731b321496bf4f548c49ad2177028","kind":"record","record":{"attributes":{"category":"administrative","domain":"Financial Reporting Controls (SOX)","type":"detective"},"canonicalUrl":"https://controlsmap.com/?v=1&node=uc%3AUC-FIN-02","description":"Execute the period-end close under a documented close calendar and checklist covering consolidation, journal entries, significant estimates, and preparation of financial statements and disclosures, with sign-off on each step. Perform management reviews of financial results, including account analyses, budget-to-actual and period-over-period variances, estimates, and reconciliations, at a defined precision threshold, documenting the investigation and resolution of items exceeding it. Retain review evidence identifying the reviewer, items challenged, and outcomes.","details":{"control_category":"administrative","control_type":"detective","domain":"Financial Reporting Controls (SOX)","guidance":[],"members":[{"control_id":"ELC-PERFR","coverage":"full","framework":"sox","relationship":"superset_of"},{"control_id":"PLC-MRC","coverage":"full","framework":"sox","relationship":"superset_of"}],"statement":"Execute the period-end close under a documented close calendar and checklist covering consolidation, journal entries, significant estimates, and preparation of financial statements and disclosures, with sign-off on each step. Perform management reviews of financial results, including account analyses, budget-to-actual and period-over-period variances, estimates, and reconciliations, at a defined precision threshold, documenting the investigation and resolution of items exceeding it. Retain review evidence identifying the reviewer, items challenged, and outcomes.","title":"Review financial results and the period-end close","unified_id":"UC-FIN-02"},"id":"uc:UC-FIN-02","mapUrl":"https://controlsmap.com/?v=1&node=uc%3AUC-FIN-02","sourceIds":["sox"],"sourceUrl":null,"title":"UC-FIN-02 — Review financial results and the period-end close","type":"unified"},"relationships":[{"expectedCatalogRevision":"24028ffcfc2b295fa1b08ee6caa84b765f0731b321496bf4f548c49ad2177028","id":"rel:054c96d687b39eea321858e51eb8f1358bda6bf65d64a6592ffd4f2d40244746","properties":{},"sourceDetailPath":"/data/v1/records/wf-s9-feb4a0f4.json","sourceId":"wf:S9","targetDetailPath":"/data/v1/records/uc-uc-fin-02-9127de7b.json","targetId":"uc:UC-FIN-02","type":"operates"},{"expectedCatalogRevision":"24028ffcfc2b295fa1b08ee6caa84b765f0731b321496bf4f548c49ad2177028","id":"rel:0a0573696f522566293ed9675e23214768f0e6c2f76b5ffb4fc62ed8bbd7c678","properties":{},"sourceDetailPath":"/data/v1/records/wf-s6-7962d7b6.json","sourceId":"wf:S6","targetDetailPath":"/data/v1/records/uc-uc-fin-02-9127de7b.json","targetId":"uc:UC-FIN-02","type":"tests"},{"expectedCatalogRevision":"24028ffcfc2b295fa1b08ee6caa84b765f0731b321496bf4f548c49ad2177028","id":"rel:1a5f1f259980515eddc80f69e703a658b57433541647a1ff7f90b57f670714d7","properties":{"control_id":"ELC-PERFR","coverage":"full","delta":null,"framework":"sox","provenance":{"defaultConfidence":"medium","defaultStatus":"active","direction":"canonical_to_source","mapper":"coworkcanvas-compliance-graph","note":"Each member is a documented relationship claim from the canonical unified control to a source control or guidance proposition. relationship: equal|superset_of (full) / intersects_with|subset_of (partial) / informs (guidance). confidence 'medium' = single-mapper, documented, not yet externally corroborated. source_version is the member framework's edition from the standard version register.","reviewDate":"2026-09-07"},"relationship":"superset_of","source_version":"SOX §302/§404 (2002), PCAOB AS 2201"},"sourceDetailPath":"/data/v1/records/uc-uc-fin-02-9127de7b.json","sourceId":"uc:UC-FIN-02","targetDetailPath":"/data/v1/records/ctrl-sox-elc-perfr-3841aaac.json","targetId":"ctrl:sox:ELC-PERFR","type":"maps_to"},{"expectedCatalogRevision":"24028ffcfc2b295fa1b08ee6caa84b765f0731b321496bf4f548c49ad2177028","id":"rel:48071f439173e29a9c731488447375129cfc652985edda3b4bff1fc28489bb9c","properties":{"rationale":"Review of revenue results and variances detects fictitious, mis-timed, or mis-measured revenue.","strength":"primary"},"sourceDetailPath":"/data/v1/records/uc-uc-fin-02-9127de7b.json","sourceId":"uc:UC-FIN-02","targetDetailPath":"/data/v1/records/risk-fin-revenue-recognition-misstatement-5e181e17.json","targetId":"risk:fin-revenue-recognition-misstatement","type":"mitigates"},{"expectedCatalogRevision":"24028ffcfc2b295fa1b08ee6caa84b765f0731b321496bf4f548c49ad2177028","id":"rel:7b50b7300a51e7c2b49bbd9d7f94076e90b92b998c9ea84a3859a1a0a2947380","properties":{"rationale":"Close checklist and sign-off over financial statements and disclosures catch classification and disclosure errors.","strength":"primary"},"sourceDetailPath":"/data/v1/records/uc-uc-fin-02-9127de7b.json","sourceId":"uc:UC-FIN-02","targetDetailPath":"/data/v1/records/risk-fin-presentation-disclosure-5c00107e.json","targetId":"risk:fin-presentation-disclosure","type":"mitigates"},{"expectedCatalogRevision":"24028ffcfc2b295fa1b08ee6caa84b765f0731b321496bf4f548c49ad2177028","id":"rel:7be0e231a3ad78e91d8b9ef46aa54df87aff784cc540febfe7812f13a0a32145","properties":{"rationale":"Budget-to-actual and period-over-period variance review surfaces unrecorded liabilities/expenses.","strength":"primary"},"sourceDetailPath":"/data/v1/records/uc-uc-fin-02-9127de7b.json","sourceId":"uc:UC-FIN-02","targetDetailPath":"/data/v1/records/risk-fin-completeness-understatement-4b9388d1.json","targetId":"risk:fin-completeness-understatement","type":"mitigates"},{"expectedCatalogRevision":"24028ffcfc2b295fa1b08ee6caa84b765f0731b321496bf4f548c49ad2177028","id":"rel:86fcdbf847e17d45c2c6b9489846e0d1aba8ee9b3e1f7fc334b6ca17614abe6f","properties":{"rationale":"Management review of significant estimates challenges impairment, allowance and reserve valuations.","strength":"primary"},"sourceDetailPath":"/data/v1/records/uc-uc-fin-02-9127de7b.json","sourceId":"uc:UC-FIN-02","targetDetailPath":"/data/v1/records/risk-fin-valuation-impairment-07037c02.json","targetId":"risk:fin-valuation-impairment","type":"mitigates"},{"expectedCatalogRevision":"24028ffcfc2b295fa1b08ee6caa84b765f0731b321496bf4f548c49ad2177028","id":"rel:8d09bed430ac28b30f60bb6ea9ccd37bf349e41772da11fc7e4f96ec98784afe","properties":{"rationale":"Analytical review of balances and reconciliations detects overstated or non-existent assets and revenue.","strength":"primary"},"sourceDetailPath":"/data/v1/records/uc-uc-fin-02-9127de7b.json","sourceId":"uc:UC-FIN-02","targetDetailPath":"/data/v1/records/risk-fin-existence-overstatement-0e009631.json","targetId":"risk:fin-existence-overstatement","type":"mitigates"},{"expectedCatalogRevision":"24028ffcfc2b295fa1b08ee6caa84b765f0731b321496bf4f548c49ad2177028","id":"rel:94f4cec83cda4c79e275e6546f269bb012b04bc9c859ad9cc3557809fb50c5b2","properties":{"rationale":"Review of financial statements and disclosures surfaces classification, lease, and related-party misstatements.","strength":"related"},"sourceDetailPath":"/data/v1/records/uc-uc-fin-02-9127de7b.json","sourceId":"uc:UC-FIN-02","targetDetailPath":"/data/v1/records/risk-fin-rights-obligations-relatedparty-60258f56.json","targetId":"risk:fin-rights-obligations-relatedparty","type":"mitigates"},{"expectedCatalogRevision":"24028ffcfc2b295fa1b08ee6caa84b765f0731b321496bf4f548c49ad2177028","id":"rel:c77b4322fdc38c552b3e68398feff534b5a64c6646c4a679aad9a06416ac2951","properties":{"rationale":"Account analyses and variance review at a precision threshold detect measurement/calculation errors.","strength":"primary"},"sourceDetailPath":"/data/v1/records/uc-uc-fin-02-9127de7b.json","sourceId":"uc:UC-FIN-02","targetDetailPath":"/data/v1/records/risk-fin-accuracy-measurement-errors-fd727255.json","targetId":"risk:fin-accuracy-measurement-errors","type":"mitigates"},{"expectedCatalogRevision":"24028ffcfc2b295fa1b08ee6caa84b765f0731b321496bf4f548c49ad2177028","id":"rel:cc570a08bee56416db49486987295b96f1962d38ac6568378306eff9d4021753","properties":{"control_id":"PLC-MRC","coverage":"full","delta":null,"framework":"sox","provenance":{"defaultConfidence":"medium","defaultStatus":"active","direction":"canonical_to_source","mapper":"coworkcanvas-compliance-graph","note":"Each member is a documented relationship claim from the canonical unified control to a source control or guidance proposition. relationship: equal|superset_of (full) / intersects_with|subset_of (partial) / informs (guidance). confidence 'medium' = single-mapper, documented, not yet externally corroborated. source_version is the member framework's edition from the standard version register.","reviewDate":"2026-09-07"},"relationship":"superset_of","source_version":"SOX §302/§404 (2002), PCAOB AS 2201"},"sourceDetailPath":"/data/v1/records/uc-uc-fin-02-9127de7b.json","sourceId":"uc:UC-FIN-02","targetDetailPath":"/data/v1/records/ctrl-sox-plc-mrc-14e10ed1.json","targetId":"ctrl:sox:PLC-MRC","type":"maps_to"},{"expectedCatalogRevision":"24028ffcfc2b295fa1b08ee6caa84b765f0731b321496bf4f548c49ad2177028","id":"rel:e1940764bc9d5430e791fd5bdc5fe8e7811e38f4fdf403b2b517a22560685e02","properties":{"rationale":"Close calendar and period-over-period variance review detect mis-timed transactions.","strength":"primary"},"sourceDetailPath":"/data/v1/records/uc-uc-fin-02-9127de7b.json","sourceId":"uc:UC-FIN-02","targetDetailPath":"/data/v1/records/risk-fin-cutoff-period-errors-180e8bcf.json","targetId":"risk:fin-cutoff-period-errors","type":"mitigates"}],"schemaVersion":1}
