Financial reporting compliance cloud service presentation

1. Financial Reporting Compliance Cloud

2. Financial Reporting Compliance Cloud Service consolidates the process of
documenting and assessing your business practices to satisfy financial
reporting regulations, such as Sarbanes-Oxley and equivalent laws around
the world and in the public sector.
You can:
✅ Identify and assess financial reporting risk enterprise-wide.
✅ Respond to risks by selecting, assessing, testing, and strengthening
financial reporting controls.
✅ Determine control and operational effectiveness accurately and
comprehensively.
✅ Review and remediate issues for both control failures and audit findings.
✅ Certify controls and financial reports.

3. Deploy
Advanced
Controls
RISK MANAGEMENT
BEST PRACTICE PROCESS
Assess
Control
Effectivene
ss
Address
Issues,
Improve
Processes
Certify
Control
s
Fine-Tune
Risks &
Controls
5
Document
Risks &
Controls
Financial Reporting
Compliance
Advanced
Controls
Application
s:
Identify
Unwanted
Access
Identify
Unwanted
Transactions

4. RISK MANAGEMENT
BEST PRACTICE PROCESS
Document Risks &
Controls
Document operational/financial risks and controls in central repository. Use streamlined workflow to
review and
improve.
Assess
Control
Effectiveness
Perform self-assessments of all controls, and independently test key controls. Streamline testing with
standardized test
plans; accelerate with prior test results.
Identify
Unwanted
Transactions
Design automated tests of Financials Cloud transactions to find fraud, error and policy
violations.
Identify Unwanted
Access
Design automated tests of Financials Cloud user access to find more users who could cause fraud, error
and policy violations.
Deploy Advanced
Controls
Enforce continual automated testing and incident
management.
Address Issues,
Improve Processes
Document treatment of control issues that are determined to be significant deficiencies or material
weaknesses. Use issues and treatments to guide process improvements.
Certify
Controls
Compile control assessment reports for management and audit committee. Produce control certification
reports for executives and financial officers.
Fine-Tune Risks &
Controls
Perform periodic risk assessments based on feedback from control assessments, issues found, and new
data –e.g.,
changes to business goals or regulations.
Financial Reporting
Compliance
Advanced
Controls
Application
s:

5. LET’S SEE THE RISK MANAGEMENT BEST
PRACTICE PROCESS IN ACTION

6. Copyright © 2018, Oracle and/or its affiliates. All rights
reserved.
8
UPDATE
WITH
LATEST
LEVEL 1
FLOW

7. Copyright © 2018, Oracle and/or its affiliates. All rights
reserved.

8. Copyright © 2018, Oracle and/or its affiliates. All rights
reserved.

9. Copyright © 2018, Oracle and/or its affiliates. All rights
reserved.

10. Copyright © 2018, Oracle and/or its affiliates. All rights
reserved.

11. Copyright © 2018, Oracle and/or its affiliates. All rights
reserved.

12. Copyright © 2018, Oracle and/or its affiliates. All rights
reserved.

13. Copyright © 2018, Oracle and/or its affiliates. All rights
reserved.

14. Copyright © 2018, Oracle and/or its affiliates. All rights
reserved.

15. Copyright © 2018, Oracle and/or its affiliates. All rights
reserved.

16. Copyright © 2018, Oracle and/or its affiliates. All rights
reserved.

17. Copyright © 2018, Oracle and/or its affiliates. All rights
reserved.

18. Copyright © 2018, Oracle and/or its affiliates. All rights
reserved.

19. Copyright © 2018, Oracle and/or its affiliates. All rights
reserved.

20. Copyright © 2018, Oracle and/or its affiliates. All rights
reserved.

21. Copyright © 2018, Oracle and/or its affiliates. All rights
reserved.

22. Copyright © 2018, Oracle and/or its affiliates. All rights
reserved.