Review financial controls

Test whether approvals, reconciliations, access, evidence, segregation, exception handling, and monitoring operate as intended rather than confirming that a policy exists.

Field	Value
Business area	finance
Primary role	finance-billing-administrator
Frequency	quarterly
Privacy sensitivity	high
Security sensitivity	high
Compliance review	needed

Trigger and handoff

Trigger: Scheduled control review, material process change, or financial incident.

Inputs

• Control register and owners
• Representative transaction evidence
• Access and exception records

Outputs

• Test results and limitations
• Remediation owners and dates
• Accepted residual risk

Current manual methods

• Policy read-through
• Annual accountant request
• Informal spot check

Human judgment and approvals

• Select risk-based samples and assess evidence quality

• Evaluate compensating controls and practical remediation

• Approval: Independent authorized reviewer accepts findings and residual risk

Failure modes

• Control design is reviewed without execution evidence
• Same person prepares and validates their own sample

Success metrics

• Controls have current operating evidence
• Material findings close or receive explicit risk acceptance