Risk Management Cloud - Compliance Real Time

Description

This subject area provides information about processes, risks, controls, issues, remediation plans, and assessments defined in Financial Reporting Compliance.

Business Questions

This subject area can answer the following business questions:

• What are the severity and status of issues?

• What is the status for remediating issues?

• When were assessments initiated?

• Which controls have not been tested for the current fiscal year?

• What two perspective hierarchies are related to documented risks?

• Who are the owners, editors, and viewers assigned to an assessment batch?

• What date was the remediation plan approved or reviewed?

• What are the specific comments for the remediation plan during the approval workflow?

• What controls are in scope for testing?

• What are the assessment results for those controls that have been tested?

• What are the defined active key controls?

• What is the document ID of the attachment?

• What Financial Reporting Compliance records have been defined?

• What is the overall compliance status for the current fiscal year and/or quarter?

• What two perspective hierarchies are related to documented controls?

• What three perspective hierarchies are related to documented controls?

• What risk evaluations have been completed for a risk record?

• Who associated the attachments?

• What is the file name or URL of the attachment?

• What is the risk and control matrix?

• Who is authorized to review and approve a record (such as process or risk), and are they eligible?

• Which groups of owners, editors, and viewers are assigned to a record (such as control or issue), and are they eligible?

• What three perspective hierarchies are related to documented risks?

• What events and consequences are associated to a risk?

• What treatment plans are associated to the risk record?

• Which groups of owners, editors, and viewers are assigned to an assessment batch?

• What is the control stratification for each control as it relates to the associated risk record?

• How many attachments have been applied to assessment records?

• What is the attachment type?

• What issues are defined, and what are their relationships to process, risk, and control records?

• Which groups are authorized to review and approve a record (such as process or risk), and are they eligible?

• What risk analyses have been completed for a risk record?

• What is the approval history of the remediation plan?

• What is the timestamp when the attachment was associated?

• How many controls have and have not been tested for the current fiscal year?

• What two perspective hierarchies are related to documented processes?

• Who approved and reviewed the remediation plan?

• What consequences are associated to the event?

• What is the control stratification for control records associated to a risk record?

• What assessments have been defined?

• When were key controls tested?

• Who are the owners, editors, and viewers assigned to records (such as process and control), and are they eligible?

• What three perspective hierarchies are related to documented processes?

Job Roles

The following job roles secure access to this subject area:

• External Auditor

• Risk Activities Manager

• Risk Administrator

Duty Roles

The following duty roles secure access to this subject area:

• Financial Reporting Compliance Transaction Analysis Duty

Primary Navigation

1) Financial Reporting Compliance > Processes; 2) Financial Reporting Compliance > Risks; 3) Financial Reporting Compliance > Controls; 4) Financial Reporting Compliance > Issues; 5) Financial Reporting Compliance > Assessments

Time Reporting

This subject area supports financial reporting compliance history.

Time dimension is linked to Creation Date of Control, Risk, Remediation Task, or Remediation Plan, depending on the chosen dimension.

Transactional Grain

Not available

Special Considerations

A synchronization program needs to be run to gather perspective and security assignment.