Cash Flow Governance · Record-to-Report
Controls
SOX 404 · ICFR · COSO 2013 control framework overlay
Framework Coverage
ICFRDeveloping
55%
0 covered1 partial2 gap
ICFR
Forecast Assumption Log AbsenthighDocumentation
No documented or version-controlled log of cash flow forecast assumptions; positions cannot be reconstructed or audited
ACTIONImplement a version-controlled assumption log with mandatory approval for all forecast inputs
Liquidity Report Sign-off GaphighApproval Controls
Liquidity reports circulated without formal review or sign-off; no evidence trail for approval
ACTIONDefine and enforce sign-off chain before liquidity report distribution; retain evidence in system of record
Treasury Single Point of FailurehighSegregation of Duties
All treasury functions owned by one individual with no deputy, documented succession, or knowledge transfer
ACTIONDesignate and train a named deputy for all treasury functions; document handover procedures
Working Capital Reconciliation GapmediumReconciliation
No reconciliation process between AR/AP actuals and treasury cash position; divergence undetected and unquantified
ACTIONEstablish weekly working capital to treasury reconciliation with assigned ownership
Collection Assumption GovernancemediumChange Management
Collection timing assumptions changed without documented approval; creates untracked forecast bias
ACTIONRequire documented approval workflow for all collection assumption changes with audit trail