risk
Rights, obligations and related-party misstatement
Pledged/encumbered assets recorded as unencumbered, lease classification errors, liabilities not the entity’s recorded (or vice versa), consignment/in-transit inventory mis-recorded, and non-arm’s-length related-party transactions without economic substance.
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-rights-obligations-relatedparty
- category
- financial_reporting
- likelihood
- low
- impact
- medium
- inherent_rating
- medium
- treatment
- mitigate
- taxonomies
- sox-rmm-assertion
Source
No record-specific source URL is provided.
Connections
- UC-FIN-01 — Deploy financial control activities through policies mitigates Rights, obligations and related-party misstatement
- strength
- related
- rationale
- UC-FIN-02 — Review financial results and the period-end close mitigates Rights, obligations and related-party misstatement
- strength
- related
- rationale
- Review of financial statements and disclosures surfaces classification, lease, and related-party misstatements.