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 Financial Reporting Compliance records have been defined?

• What are the defined active key controls?

• What are the severity and status of issues?

• What assessments have been defined?

• What consequences are associated to the event?

• What controls are in scope for testing?

• What events and consequences are associated to a risk?

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

• What is the risk and control matrix?

• What is the status for remediating issues?

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

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

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

• What treatment plans are associated to the risk record?

• When were assessments initiated?

• When were key controls tested?

• Which groups are 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?

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

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

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

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

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.