Build a control matrix for one line
Create a simple control matrix for a regulatory reporting line item.
The credit exposure line is filed monthly, but support is scattered across a source extract, a mapping workbook, emails, and a final PDF. A reviewer cannot tell which control proves completeness and which proves accuracy. COSO reporting-control chain: objective, risk, control, evidence, reviewer The common trap is listing activities instead of controls. File received is an activity. Source total reconciled to report total with exceptions reviewed is a control. Before Source file saved. Mapping workbook updated. Manager approved by email. After Objective: complete and accurate exposure reporting. Risk: source records missing or mapped incorrectly. Control: source-to-report reconciliation plus mapping exception…
Sign up free — one personalized lesson every day, matched to your role and goals.
Already have an account? Sign in