{"description":"Runs on the existing fsli item. Assess quantitative and qualitative significance for a financial statement line item and approve its scoped assertions, locations, and process dependencies. Deliver the reviewed result and open actions to the responsible register owner and the named companion procedure.","edges":[],"isPublic":true,"itemTypeSlug":"fsli","metadata":{"capabilities":["fsli-significance-assessment"],"controlVerbs":{"UC-RISK-08":"operates"},"controls":["UC-RISK-08"],"department":"finance","domains":["sox"],"kind":"fsli-significance-assessment","library":{"aliases":[{"source":"studio-seed","sourceTemplateId":"coworkcanvas:template:fsli-significance-assessment"}],"canonicalUrl":"https://workflow-library.com/all/?w=sox-fsli-significance-assessment","contentDigest":"sha256:5f78d183e1b302ffe31fc7b71d24dc5da14a19bbfd72cfd6548b24048722489a","prerequisites":{"anchorItemType":{"slug":"fsli"},"evidenceDestinations":[{"description":"Restricted native step results, attached documents, durable item fields and native approvals.","id":"review-evidence"}],"handoffs":[{"direction":"output","name":"Reviewed register result and open actions","sourceTemplateId":"workflow-library:sox-annual-icfr-scoping-risk-assessment"}],"roles":[{"contribution":"approval","description":"SOX scoping reviewer. Approve FSLI significance assessment.","id":"reviewer-1","nodeIds":["fsli-assessment-closure"]}],"status":"declared"},"provenance":[{"source":"brain/scripts/studio-seed","sourceTemplateId":"coworkcanvas:template:fsli-significance-assessment"}],"releaseId":"sha256:5f78d183e1b302ffe31fc7b71d24dc5da14a19bbfd72cfd6548b24048722489a","schemaVersion":1,"sourceTemplateId":"workflow-library:sox-fsli-significance-assessment"},"lineOfDefense":"monitor","mappingStatus":"mapped","risks":[],"slug":"sox-fsli-significance-assessment","source":"coworkcanvas-gallery","standards":[],"teams":["finance"]},"name":"FSLI Significance Assessment","nodes":[{"data":{"controls":["UC-RISK-08"],"instructions":"**Objective**\nApprove FSLI significance assessment. The reviewer decides from the complete package described below.\n\n**Inputs**\n1. Review the trial balance, consolidation mapping, financial statements and disclosures, chart of accounts, ledger extracts, reporting packages, prior scoping, organization changes, and materiality basis.\n2. Use approved materiality thresholds, population data, volatility, transaction volume and complexity, estimation uncertainty, fraud susceptibility, related parties, changes, errors, deficiencies, and disclosure sensitivity.\n3. Use population and risk analysis, financial statement presentation, accounting policies, process maps, system inventory, prior risk-control mappings, entity scope, service providers, and identified changes.\n4. Review all calculations, source reconciliations, qualitative analysis, proposed decision, mappings, reviewer comments, related line items, approved materiality, changes, and unresolved limitations.\n\n**Procedure**\n1. Reconcile the line item to financial reporting records, identify accounts and disclosures included, normalize currencies and periods, separate unusual or nonrecurring components, and verify completeness across entities and locations.\n2. Compare balances and disclosures to relevant thresholds, analyze composition and trends, identify concentrations and unusual entries, evaluate estimation and judgment, consider aggregation with related line items, and document countervailing factors.\n3. Select assertions exposed to reasonable misstatement risk, map transaction classes and close processes, identify locations and systems contributing material activity, consider entity-level and IT dependencies, and challenge unsupported roll-forwards.\n4. Reperform key calculations, challenge borderline and contradictory factors, confirm aggregation was considered, verify mapped coverage matches the approved decision, and return incomplete support rather than inferring assurance.\n\n**Record in AssureSwarm**\n1. Capture the fiscal period, population reference, balance or disclosure magnitude, component accounts, currencies, entities, locations, preparer, reconciliation, exclusions, and data limitations.\n2. Document calculations, thresholds, ratios, trends, qualitative factors, contradictory evidence, aggregation analysis, preliminary significance view, and any additional data requested.\n3. Record the proposed decision and rationale, relevant assertions, locations, processes, systems, risks and controls, aggregation relationships, coverage gaps, and required follow-up. Also record proposed scope decision.\n4. Capture the authorized reviewer, final decision, rationale, materiality basis, relevant assertions, locations, linked processes, systems, risks and controls, open actions, owners, and reassessment triggers. Also record assessment conclusion and rationale.\n\n**Exit criteria**\nSOX scoping reviewer provides approval: The population agrees to authoritative reporting records, aggregation and exclusions are transparent, and quantitative analysis can proceed from a complete supported basis. The preliminary view is reproducible from cited data, both quantitative and qualitative factors are addressed, and unresolved factors are assigned before assertion mapping. An approver accepts that the proposed scope and mappings follow from the evidence, or returns specific unsupported elements for further analysis before final decision. The authorized reviewer accepts a traceable management scoping record, downstream planning can use the mapped decision consistently, and closure does not provide certification or an audit opinion.","kind":"task","label":"Approve FSLI significance assessment","requiredApprovals":1},"id":"fsli-assessment-closure"}],"sourceTemplateId":"workflow-library:sox-fsli-significance-assessment"}