Database Reference
In-Depth Information
A management assessment survey is created in Oracle GRC Manager to identify
risks and verify controls. In this survey, the management evaluates events that
can impact organizational objectives based on the understanding of the internal
operations, industry trends, and external factors. The risks are also linked to the
business processes and the controls that mitigate the risks and are linked to the
corresponding controls.
The assessment is routed to the business process owner, who assesses risks and
verifies the controls to complete the survey.
The workflow is initiated by a user with rights to the business process and
authorized to initiate assessment. The initiator creates an assessment cover that
specifies the assessment title, reviewers, assessment types, and the risks and controls
to be assessed. The document is in the prepare state.
In order to start an assessment of risks within a single business process, for example,
Account Payable, open a business process by navigating to Business Processes |
Released Processes , then click on the title Accounts Payable that contains a risk
named Accrued liabilities are not properly supported or booked in the correct
period . Then, click on Initiate Assessment . Enter a title for the Assessment Cover
document. Specify a Fiscal Period for the assessment (required) on the Basics tab.
 
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