Certification locked — 5 attention areas pending
Resolve all flagged inferences below before you can certify the technical review. 2 high priority · 2 medium · 1 low.
8 of 8 rows
| Process step | Risk | Control | Inherent | Test procedure | Status | Actions | |
|---|---|---|---|---|---|---|---|
Contract Initiation R-001 | Unauthorised contracts entered into the order management system | Two-tier approval workflow for contract creation; system-enforced credit checks Type: Preventive | TP-001 · Sample 30 contracts; verify dual approval and credit-check artefacts | Reviewed | |||
Performance Obligation ID R-008 | Performance obligations bundled incorrectly, distorting revenue allocation | Contract review checklist applied at deal desk; quarterly accounting review of new contract types Type: Detective | TP-008 · Reperform allocation for 15 multi-element contracts; reconcile to deal-desk checklist | Flagged | |||
Transaction Price Allocation R-012 | Standalone selling prices not refreshed; allocations stale | Annual SSP recalibration; pricing committee sign-off Type: Detective | TP-012 · Trace SSP inputs to source data; confirm committee minutes | Pending | |||
Recognition Timing & Cut-off R-014 | Revenue recognised before performance obligation satisfied | System cut-off lock at period close; manager review of journal entries within 3 business days Type: Preventive | TP-014 · Cut-off testing on transactions ±5 days of period end; review JE evidence | Flagged | |||
Variable Consideration R-019 | Discount and rebate estimates exceed constraint, overstating revenue | Monthly review of variable consideration estimates by controllership; constraint applied per policy Type: Detective | TP-019 · Review estimate file; recompute constraint for 10 customer programmes | Reviewed | |||
Credit Notes & Returns R-022 | Credit notes issued without supporting documentation or approval | Threshold-based approval matrix; quarterly trend review of credit notes by segment Type: Preventive | TP-022 · Sample 25 credit notes; trace to approval evidence and supporting documentation | Pending | |||
AR Aging & Provisioning R-028 | Inadequate provisioning of doubtful debts under ECL model | Quarterly ECL committee; rebuttable assumptions documented per IFRS 9 Type: Detective | TP-028 · Recompute ECL bucket assumptions; review committee minutes | Reviewed | |||
Cash Application R-031 | Unapplied cash distorts AR balance and aging | Daily exception report; T+2 resolution SLA on unapplied receipts Type: Preventive | TP-031 · Sample 20 unapplied cash items; verify resolution within SLA | Reviewed |