Financial Accounting, Reporting and Treasury: Risk and Control Matrix (Excel)
153 controls (125 key) for 23 objectives and 38 risks, each with walkthrough questions, evidence to ask for and test steps.
Risk Control Matrix · editable Excel · 3 sheets · ₹149 / $1.49 · lifetime access, up to 5 downloads
This matrix covers corporate accounting, financial reporting and treasury: accounting policies and standards compliance, statutory compliance reporting, period closing and consolidation, fixed assets (capital work in progress, capitalisation, borrowing costs, leases, revaluation, disposal, depreciation and verification), investments, loans and advances, inventory valuation and verification, provisions, receivables and payables (booking, confirmation, provisioning, write-offs and disclosure), related parties, deferred tax, reserves and dividends, borrowings, contingent liabilities, financial statement disclosures, purchases and services, revenue and foreign exchange, fund planning and utilisation, collections, bank charges and interest, cash and bank operations, location imprest accounts, payroll accounting, insurance and other expenses. For every control you see what good looks like, whether it is preventive or detective, manual or automated, how often it runs and whether it is a key control, plus the walkthrough questions, evidence to request and steps to test it. Record what you find, the control owner and any gap in the same sheet: the Summary sheet counts effective, partly effective and ineffective controls by objective as you go. Written so that an auditor new to the process can use it, and detailed enough for experienced reviewers. Editable Excel.
What's inside
- Read Me: how the matrix is laid out and how to use it in an audit
- Risk-Control Matrix: 23 objectives, 38 risks and 153 controls (125 key)
- Each control: type, nature, frequency, key or supporting, and how to evaluate it
- Columns for your response, evidence seen, control owner and gap / action
- Summary sheet: results by objective, updated automatically
Topics: Accounting · Treasury
Learn it on video
- How to Use Reconciliations and Benchmarking: Worked Examples (7 min)
- How to Test with Ratios, Trends and Correlation: Worked Examples (14 min)
- How to Link Risks to Controls: The Risk and Control Matrix (RCM) (12 min)
- How to Describe Controls in the RCM: Method, Type, Frequency and Test Procedure (8 min)
- How to Test Controls (2): Test of Operating Effectiveness (7 min)
More risk control matrix
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- Administrative Expenses and Office Services: Risk and Control Matrix (Excel) (editable Excel, ₹149 / $1.49): 75 controls (50 key) for 13 objectives and 20 risks, each with walkthrough questions, evidence to ask for and test steps.
- Capital Projects and Capital Expenditure: Risk and Control Matrix (Excel) (editable Excel, ₹149 / $1.49): 68 controls (46 key) for 12 objectives and 19 risks, each with walkthrough questions, evidence to ask for and test steps.
- Cash and Treasury: Risk and Control Matrix (Excel) (editable Excel, ₹149 / $1.49): 39 controls (26 key) for 13 objectives and 19 risks, each with walkthrough questions, evidence to ask for and test steps.
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