risk
Measurement and calculation errors (accuracy)
Errors in revenue recognition amounts, cost of goods sold, depreciation/amortization, payroll calculations, fair-value measurement, journal-entry posting, tax provision, and foreign-currency translation misstating the financial statements.
In catalog since 2026-09-17T22:28:00Z · Last changed 2026-09-17T22:28:00Z (f368a6cce277)
Record JSON · Open in map · Data retrieval guide
Catalog revision: 791ff2dd3a45707290badee660f185e514d15f1cf518908628f425c2f2c56ee4. A connection does not establish full coverage.
Attributes
- category
- financial_reporting
- domain
- Financial Reporting Controls (SOX)
- taxonomy
- sox-rmm-assertion
- inherent_rating
- medium
Details
- risk_id
- fin-accuracy-measurement-errors
- category
- financial_reporting
- likelihood
- medium
- impact
- medium
- inherent_rating
- medium
- treatment
- mitigate
- taxonomies
- sox-rmm-assertion
Source
No record-specific source URL is provided.
Connections
- UC-FIN-03 — Perform and review account reconciliations mitigates Measurement and calculation errors (accuracy)
- strength
- primary
- rationale
- Reconciliation verifies accuracy of recorded balances against supporting detail.
- UC-FIN-08 — Control interface transfers and output delivery mitigates Measurement and calculation errors (accuracy)
- strength
- primary
- rationale
- Control-total/hash reconciliation catches data corruption altering amounts in transit.
- UC-BCDR-14 — Embed control activities in business processes mitigates Measurement and calculation errors (accuracy)
- strength
- related
- rationale
- Umbrella 'manage business-process controls' practice that ensures input/processing controls exist; the operative accuracy controls are the dedicated input and processing UCs, not this design-level wrapper.
- UC-ACCESS-20 — Ensure complete, accurate, and authorized data processing mitigates Measurement and calculation errors (accuracy)
- strength
- primary
- rationale
- Edit checks and batch totals validate processing accuracy, catching calculation and posting errors.
- UC-FIN-06 — Validate completeness and accuracy of system inputs mitigates Measurement and calculation errors (accuracy)
- strength
- primary
- rationale
- Edit/validation and format checks reject inaccurate input data at entry.
- UC-FIN-02 — Review financial results and the period-end close mitigates Measurement and calculation errors (accuracy)
- strength
- primary
- rationale
- Account analyses and variance review at a precision threshold detect measurement/calculation errors.
- UC-FIN-09 — Ensure quality of information used in reporting mitigates Measurement and calculation errors (accuracy)
- strength
- primary
- rationale
- Validating report logic, parameters and totals catches calculation errors in reports and spreadsheets.
- UC-FIN-07 — Control automated processing and resolve exceptions mitigates Measurement and calculation errors (accuracy)
- strength
- primary
- rationale
- System-enforced calculations produce accurate amounts (depreciation, payroll, tolerances).