® december 6, 2006 makoto koizumi [email protected] inrpt07: comprehensive financial...
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®
December 6, 2006Makoto [email protected]
INRPT07: Comprehensive Financial Data Modeling
- FR, GL, and Internal Control Taxonomy -
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Basic Concept (1/2) Corporate Financial Data Model Binding FR and GL Describe Business Process (IC) in XBRL
Risks in business process Controls to mitigate the risks
Binding GL and IC
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Financial Statement (XBRL-FS)(Material Accounting Item)Ex: Total Asset (BS)Ex: Sales (PL)Ex: Profit before tax (PL)
Financial Statement (XBRL-FS)(Material Accounting Item)Ex: Total Asset (BS)Ex: Sales (PL)Ex: Profit before tax (PL)
General Ledged (XBRL-GL)(Legion): (Detail accounting item) Ex: Sales ⇒ Head Office : Sales Accounting (Software)
General Ledged (XBRL-GL)(Legion): (Detail accounting item) Ex: Sales ⇒ Head Office : Sales Accounting (Software)
Internal Control(XBRL-IC) Business Process: Sales Process Activity(1:n) ⇒Attribute(O,F,C) (1:n)
Risk (1:n)
Control Objective (1:1)
Control Activity (1:n)
Key Control (1:1)
Test Effect/ Evaluation (1:n)
Internal Control(XBRL-IC) Business Process: Sales Process Activity(1:n) ⇒Attribute(O,F,C) (1:n)
Risk (1:n)
Control Objective (1:1)
Control Activity (1:n)
Key Control (1:1)
Test Effect/ Evaluation (1:n)
IT G
en
era
l Con
trol
IT G
en
era
l Con
trol
Business ProcessManagement
OrganizationManagement
AccountManagement
Basic Concept (2/2)
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The Merit of Internal Control Taxonomy
Comprehensive corporate data model to provide; Risk management: to identify material
weakness in internal controls and supports to plan + act accordingly with materiality of deficiencies.
Business Process Management: based on materiality of business process with relation to financial reports.
Possible management dashboard: for top management to understand areas of risks.
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Integrity with financial information Flexibility and Extensibility
Defines corporate-specific risks and controls using COSO template.
Data management and workflow Facilitates information sharing regarding
Internal Control’s definition or evaluation among Business Process Owner, Internal Control Department, and external auditor.
Why XBRL Taxonomy?
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Binding FR-GL-IC (1/2)
FR Instance
FR Taxonomy
GL Instance
GL Taxonomy
IC Instance
IC Taxonomy
Relatedaccounts01000xbrlinfo
sales
Summary
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Binding FR-GL-IC (2/2)
Significantaccount
Business Process( Sales )
Sub Process( Inbound )
Sub Process( Operations )
Sub Process( Process Account Receivable )
拠点・詳細科目(半導体・本社)拠点・詳細科目
(半導体・本社)拠点・詳細科目
(半導体・本社)
Locationx
Detail account
拠点・詳細科目(半導体・本社)拠点・詳細科目
(半導体・本社)拠点・詳細科目
(半導体・本社)
Locationx
Detail account
n
n
n
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DocumentInternalControls
OnBusinessProcess
Step 1
BPO
TestInternalControls
AndReport
Step 2
Internal Auditor
EvaluateReportAnd Plan
Remediation
Step 3
BPO
Risk-Control evaluation workflow
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Activity Related Accounts(multiple)
Sub Activity
Control Objective
Control Objective Attribute
Risk
OperationFinancial Reporting
Compli- ance
String String
String
String Boolean Boolean Boolean String
String Boolean Boolean Boolean String
String
String Boolean Boolean Boolean String
String Boolean Boolean Boolean
String
String
Pre-defined section of Internal controls
Risk-Control Evaluation Data Model (1/3)
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Control Key ControlAssertion
E/O C V/A R/O P/D
String Boolean Numeric Numeric Numeric Numeric Numeric
String Boolean Numeric Numeric Numeric Numeric Numeric
String Boolean Numeric Numeric Numeric Numeric Numeric
String Boolean Numeric Numeric Numeric Numeric Numeric
String Boolean Numeric Numeric Numeric Numeric Numeric
String Boolean Numeric Numeric Numeric Numeric Numeric
String Boolean Numeric Numeric Numeric Numeric Numeric
Internal controls documentation
Risk-Control Evaluation Data Model (2/3)
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Test Results - Score Test Results - Narrative Remediation Plan
Numeric String String
Numeric String String
Numeric String String
Numeric String String
Numeric String String
Numeric String String
Numeric String String
Test – Internal controls evaluation GAP remediation
Risk-Control Evaluation Data Model (3/3)
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Related Accounts
Control Objectives Attribute
Activity
Control Objectives
Risks
Controls
Control ActivitiesTests
Test Results - Score
Test Results - Narrative
Remediation Plan
Assertions
Key Control
Process
tuple item attribute
coso:Process
coso:SubActivitycoso:ControlObjectiv
es
coso:Risk
Substitution
Group
coso:Activity
SubActivityCOSO cartridge
IC Taxonomy Data Model
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1/Activity : INBOUND2/Activity : OPERATIONS 3/Activity : OUTBOUND 4/Activity : MARKETING AND SALES 5/Activity : SERVICE 6/Activity : PROCUREMENT 7/Activity : TECHNOLOGY DEVELOPMENT 8/Activity : HUMAN RESOURCES 9/Activity : MANAGE THE ENTERPRISE10/Activity : MANAGE EXTERNAL RELATIONS
11/Activity : PROVIDE ADMINISTRATIVE SERVICES
12/Activity : MANAGE INFORMATION TECHNOLOGY
13/Activity : MANAGE RISKS 14/Activity : MANAGE LEGAL AFFAIRS 15/Activity : PLAN 16/Activity : PROCESS ACCOUNTS PAYABLE 17/Activity : PROCESS ACCOUNTS RECEIVABLE 18/Activity : PROCESS FUNDS19/Activity : PROCESS FIXED ASSETS 20/Activity : ANALYZE AND RECONCILE
21/Activity : PROCESS BENEFITS AND RETIREE INFORMATION
22/Activity : PROCESS PAYROLL 23/Activity : PROCESS TAX COMPLIANCE 24/Activity : PROCESS PRODUCT COSTS
25/Activity : PROVIDE FINANCIAL AND MANAGEMENT REPORTING
COSO Taxonomy
Internal Control Taxonomy - Company-AInternal Control Taxonomy - Company-ASales Cost
AccountingPurchase Fixed
AssetSalary R&D
Taxation Investment& Loan
FinancialReporting
COSO Cartridge
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Pre-defined section of Internal controls
String
String
BooleanBooleanBooleanString
StringBooleanBooleanBooleanString
String
StringBooleanBooleanBooleanString
StringBooleanBooleanBooleanString
String
StringString
Compli- ance
Financial Reporting
Operation
RiskControl Objective Attribute
Control Objective
Sub Activity
Related Accounts(multiple)
Activity
Process taxonomy
COSO frame taxonomy
COSO の各章ごとにフレームワーク に準拠してタクソノミと
して作成
Import COSO frame taxonomy where
necessaryPalette
activities that compose Sub-
process
Taxonomy Development Approach (1/2)
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Internal controls documentation
NumericNumericNumericNumericNumericBooleanString
NumericNumericNumericNumericNumericBooleanString
NumericNumericNumericNumericNumericBooleanString
NumericNumericNumericNumericNumericBooleanString
NumericNumericNumericNumericNumericBooleanString
NumericNumericNumericNumericNumericBooleanString
NumericNumericNumericNumericNumericBooleanString
P/DR/OV/ACE/O
AssertionKey ControlControl
Data in an Instance doc.
Elements in a taxonomy
Data in an Instance doc.
GAP remediationTest – Internal controls evaluation
StringStringNumeric
StringStringNumeric
StringStringNumeric
StringStringNumeric
StringStringNumeric
StringStringNumeric
StringStringNumeric
Remediation PlanTest Results - NarrativeTest Results - Score
Taxonomy Development Approach (2/2)
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Internal Control TermsElements
(ctrl)
Internal Control TermsRelationships
(ctrl)
COSO FrameworkTerms Elements
(coso)Inbound Terms
Elements(inbound)
COSO FrameworkTerms Relationships
(coso)
Inbound Terms Relationships
(inbound)
Process TermsRelationships
(proc)
Process TermsElements
(proc)
Company ExtensionTemplate
Outbound Terms Elements
(outbound)
Outbound Terms Relationships
(outbound)
Concepts
Relationships
IC DTS Diagram - Overall
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Internal Control TermsElements
(ctrl)
Internal Control TermsRelationships
(ctrl)
COSO FrameworkTerms Elements
(coso)
COSO FrameworkTerms Relationships
(coso)
Process TermsRelationships
(proc)
Process TermsElements
(proc)
Template
Concepts
Relationships
IC DTS Diagram - Template
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Internal Control TermsElements
(ctrl)
Internal Control TermsRelationships
(ctrl)
COSO FrameworkTerms Elements
(coso)Inbound Terms
Elements(inbound)
Inbound Terms Relationships
(inbound)
Process TermsElements
(proc)
Company Extension
Outbound Terms Elements
(outbound)
Outbound Terms Relationships
(outbound)
Concepts
Relationships
IC DTS Diagram – A Company
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Top page toFinancial Report
FR to GL
GL to IC
Demo