The General tab contains a section for the basic information about the Control, as well as the Responsibilities and Associations sections.

What is this Control?

This table below describes the fields of this section.

Field Description
Name The name of this Control. The name should summarize what is being controlled. A name is mandatory for all objects.
Parent Folder The Folder under which this Control is nested.
Identifier The Unique Identifier of this Control. This serves to uniquely identify the Control as per your company protocol.
Description This field describes the Control in detail. The rich text format allows for text formatting, images, URLs, tables, etc.

What is the Control Classification?

This table below describes the fields of this section.

Field Description Options
Key Control Displays if this is a Key Control Yes, No
Frequency How frequently the Control is done N/A, Transaction, Daily, Weekly, Bi Monthly, Monthly, Quarterly, Yearly, When Required, Semi-Annually
Preventive/Detective Displays if the Control is Preventive or Detective N/A, Preventive, Detective
Manual/Computer Displays if the Control is done Manually or by Computer N/A, Manual, Computer

What are the COSO Components?

This table below lists the fields of this section.

Internal Environment
Objective Setting
Event Identification
Risk Assessment
Risk Response
Information & Communication
Control Activities

When Control Activities is checked, another drop-down option is displayed to select a type of Control Activity.

The drop-down includes the following options:

Control Activity Type
Configuration/Account Mapping
Exception/Edit Report
Interface/Conversion Controls
Key Performance Indicators
Management Review
Segregation of Duties
System Access

What are the IT Implications?

This table below describes the fields of this section.

Field Description Drop-down Options
IT Control Is the control related to IT Security, Purchasing, Use, Distribution, etc. Yes, No

The following options are displayed when IT Controls = YES

Field Description
Completeness Controls that ensure all records were processed from initiation to completion.
Accuracy Controls that ensure information remains accurate from initiation to completion.
Validity Controls that ensure only valid data is input or processed.
Authorization Controls that ensure only approved business users have access to the application system.

What are the Financial Implications?

There are two categories of Financial Implications: 1. Financial Assertions and 2. Financial Statements Impacted

1.Financial Assertions
Existence & Occurrence
Rights & Obligations
Presentation & Disclosure
Valuation & Allocation

When Valuation & Allocation is checked, additional options are available:

Valuation & Allocation
Objective Setting
Timing or Cut-Off
Posting & Summarization
Detail Tie-In
Realizable Value
2.Financial Statements Impacted
Balance Sheet
Retained Earnings
Income Statement
Statement of Cash Flow
Notes to Financial Statement

Responsibilities and Associations

Since the Responsibilities and Associations sections are common to many EPC objects, the instructions have been centralized in the Associations section of the user manual. You can find direct links to instructions for specific sections below.

Section Instructions
What are the Responsibilities? Assign Responsibilities
Which Documents are used? Associate Documents
Which Business Rule are applicable? Associate Rules
Which Controls are applicable? Associate Controls

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