RCM Library
SOX Risk & Control Matrix Library
Practitioner-built RACMs covering the core financial reporting processes of a SOX programme.
RCM Library
Complete SOX Control Library
Available as a complete library or by individual financial reporting process.
Architecture
What every RACM includes
- Consistent column architectureThe same structure across every process library.
- Risks mapped to assertionsEach risk tied to the financial statement assertions it affects.
- Control attributesControl type, nature, frequency, owner role, evidence and testing approach.
- XLSXDelivered as an Excel workbook.
- Single-entity licenceSee the digital product licence.
Processes
Financial reporting processes
Procure-to-Pay
Vendor onboarding · Vendor master changes · Purchase requisition and approval · Purchase orders · Goods receipt · Invoice processing · Three-way match · Payment processing · Period-end AP
Order-to-Cash & Revenue
Customer setup and credit · Order processing · Contract review and revenue recognition · Billing · Credit notes and adjustments · Cash receipts and collections · Period-end revenue
Financial Statement Close
Journal entries · Account reconciliations · Accruals and estimates · Consolidation · Intercompany · Financial statement preparation · Disclosure review
Inventory & Costing
Receipts and movements · Physical counts · Standard costing and variances · Valuation and reserves · Cut-off
Fixed Assets
Capital expenditure approval · Additions and capitalisation · Depreciation · Disposals · Impairment indicators · Asset register
Hire-to-Retire & Payroll
Employee master data · Time and attendance · Payroll processing · Payroll changes · Terminations · Payroll accruals
Treasury & Cash
Bank accounts · Cash management · Payment authorisation · Debt and covenants · Investments · Foreign exchange
Entity-Level Controls
Control environment · Governance and oversight · Risk assessment · Information and communication · Monitoring
Income Tax
Current tax provision · Deferred tax · Uncertain tax positions · Tax disclosures
Travel & Expenses
Expense policy · Claim submission and approval · Corporate cards · Claim review
Manufacturing & Production
Production planning · Work in progress · Bills of materials · Production costing · Scrap
Goodwill & Intangibles
Acquired intangibles and purchase price allocation · Amortisation of finite-lived intangibles · Impairment indicators · Goodwill impairment testing · Indefinite-lived intangible impairment · Disclosures
Related Party Transactions
Related party identification · Approval of related party transactions · Recording and monitoring · Disclosures
Logistics & Distribution
Shipping · Freight and third-party logistics · Delivery confirmation · Returns
Complete Library
Every Ditton financial reporting RACM in one consistent architecture.
Release list
Want a process sooner? Tell us which
We’ll email you when it’s released.
Need a RACM built around your processes?
RCM Development