From 9ae3dec3e357d57fec540a2f0295ad31da558312 Mon Sep 17 00:00:00 2001 From: Dennis Eichhorn Date: Wed, 20 Mar 2024 12:00:42 +0100 Subject: [PATCH] Update FSCP.md Signed-off-by: Dennis Eichhorn --- Processes/Quality Management/COSO/FSCP.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/Processes/Quality Management/COSO/FSCP.md b/Processes/Quality Management/COSO/FSCP.md index d3114d4..1a55fa2 100644 --- a/Processes/Quality Management/COSO/FSCP.md +++ b/Processes/Quality Management/COSO/FSCP.md @@ -2,7 +2,7 @@ | No. | Component | Control Area | Question | Answer | Evidences | | ---- | -------------------------- | ------------------------------------------------------------ | ------------------------------------------------------------ | ------------------------------------------------------------ | ------------------------------------------------------------ | -| 1 | General closing | Principle of financial reporting | Which basic financial reporting policies do you have? | The organization follows the German law regarding financial reporting and has various internal reporting policies and guidelines. | Financial laws (i.e. HGB, AO, Ustg, ...)
Policies: Accounting
Process: Finance | +| 1 | General closing | Principle of financial reporting | Which basic financial reporting policies do you have? | The organization follows the German law regarding financial reporting and has various internal reporting policies and guidelines. | Financial laws (i.e. HGB, AO, Ustg, ...)
Policies: [Accounting](https://github.com/Karaka-Management/Organization-Guide/tree/master/Policies%20%26%20Guidelines/Accounting)
Process: [Finance](https://github.com/Karaka-Management/Organization-Guide/blob/master/Processes/06_Finance.md) | | 2 | General closing | Understanding accounting policies | Who approves the accounting policies and how are changes implemented? | The company follows the German laws. Internal accounting policies are approved by the CFO. Changes can be implemented by any accounting employee but must be approved by the CFO. | Financial laws (i.e. HGB, AO, Ustg, ...)
Policies: [Accounting](https://github.com/Karaka-Management/Organization-Guide/tree/master/Policies%20%26%20Guidelines/Accounting) | | 3 | General closing | Accounting manual | Which accounting manuals and related documents exist? | Various accounting policies and a finance process. | Policies: [Accounting](https://github.com/Karaka-Management/Organization-Guide/tree/master/Policies%20%26%20Guidelines/Accounting)
Process: [Finance](https://github.com/Karaka-Management/Organization-Guide/blob/master/Processes/06_Finance.md) | | 4 | General closing | Seggregation of duties | How are the duties of posting financial data, collecting financial data and approving financial data for the reporting seggregated? | Financial data is posted by accountants, the collection of financial data is handled by controllers and the approval of the reporting data is performed by the CFO. | Process: [Finance](https://github.com/Karaka-Management/Organization-Guide/blob/master/Processes/06_Finance.md) |