Balance Sheet Governance · Record-to-Report
Controls
SOX 404 · ICFR · COSO 2013 control framework overlay
Framework Coverage
COSODeveloping
55%
3 covered3 partial2 gap
ICFRDeveloping
58%
4 covered3 partial3 gap
SOXDeveloping
61%
5 covered4 partial3 gap
ICFR
Suspense account balances exceed acceptable ageing thresholdshighSuspense Account Control
Uncleared suspense balances represent a material weakness risk under ICFR. Current governance does not enforce maximum ageing or escalation protocols for clearing suspense accounts.
ACTIONDefine and enforce a written suspense account policy with maximum ageing thresholds, clearance accountability, and escalation to controller when thresholds are breached.