financial controls management protiviti governance portal
TRANSCRIPT
Identify, Assess
Docum
ent, EvaluateClar
ify,
Mon
itor
Remediate, Report
Assess Current State• Establish top-down risk-based approach• Rationalize the control set to increase
reliance on entity-level controls• Reduce the number of key controls
required to be tested to maintain coverage over key ICFR risk
Control Documentation and Testing
• Create process, risk and control documentation in a central repository
• Evaluate design and operating effective-ness via integrated assessments
• Validate controls through comprehen-sive testing
Action Plans• Integrate remediation management into
your everyday process�• Design and implement solutions for
control gaps�• Utilize action plans, automatic emails
and reporting to ensure deficiencies are addressed
Reporting and Certification• Access all financial controls information
via dashboards, searches and reports• Facilitate your certification process �• Export results to Microsoft Word, Excel
and Adobe Acrobat PDF
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010.002.001 ProcessAccounts Payable
010.002.002 ProcessPayroll and Benefits
010.002.004 ProcessAccounts Receivable
and Collections010.002.005 General
Ledger Accounting(Close the Books)
010.002.001Journal Entries
Control Operating Effectiveness by Process
0% 5% 10% 15% 20% 25% 30% 35% 40%
Effective
Ineffective
Not Tested
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FINANCIAL ELEMENT CONTROLRISKOBJECTIVE
Name
005. Mortgage Portfolio
Loans Held for InvestmentAchieved
010. Cash and Cash Equivalents
*Cash and Cash Equivalents
020. Accounts Receivable
01. *Accounts Receivable
020. *Deferred Income Taxes, Other Current Assets
MitigatedNot EvaluatedNot Mitigated
EffectiveIneffective
EffectiveIneffective
EffectiveIneffectiveNot Tested
EffectiveIneffective
EffectiveIneffective
MitigatedNot Evaluated
MitigatedNot Mitigated
MitigatedNot Mitigated
Priority ObjectiveEvaluation
# #ControlAdequacy
ControlDesign
Achieved
Achieved
Achieved
3
1
1
2
3111
261
261
241
#
21
261
261
241
EffectiveIneffective
EffectiveIneffectiveNot Tested
EffectiveIneffectiveNot Tested
Operation Evaluation
#
52
3871
3871
3261
8
8
5
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