Internal Controls Manager

Oracle Internal Controls Manager is a comprehensive financial compliance management tool to document, test and certify internal controls and monitor ongoing compliance with International Financial Reporting Standards, the Office of Management and Budget Circular A-123 the Sarbanes-Oxley Act and related reporting requirements around the world. Define risks, controls, and business processes. Manage audit processes, including findings, remediation, and issues. Enforce segregation of duties in data access and management. And quickly and confidently certify both business processes and financial statements. Benefits include increased testing efficiency, improved risk assessment confidence, and lower external audit costs.

Integrate and Streamline Your Financials Processes
Oracle Internal Controls Manager is part of the Oracle Financials family of applications, and integrates seamlessly with Oracle General Ledger, and Financial Analytics, Financial Consolidation Hub and Daily Business Intelligence.

Define and Manage Business Processes

• Input existing and add new business processes using a familiar spreadsheet interface.
• Draw complete and accurate compliance process workflows.
• Document new business processes or input pre-defined processes from standards such as COSO, COBIT and ISO.
• Ensure controls are consistently applied through workflow maps.

Define and Manage Risks and Controls

• Define risks and controls in the risk library.
• Associate risks with multiple processes.
• Define the likelihood and impact of risks on financial statements.
• Associate controls with multiple risks.
• Monitor application change effects on internal controls.

Manage Audit Operations

• Manage audit projects and resource allocation.
• Enable segregation of duties management and remediation.
• Create risk assessment surveys.
• Enable auditors to record their evaluations based on those surveys.

Speed Certification

• Deliver list of processes, risks, and controls that were added, modified, or deleted.
• View internal audit evaluations and process owner certifications.
• Drill down on findings and issues to the data entry level.
• Improve the testing and assurance of accurate financial statements.
• Deliver pre-built auditor-ready reports in secure XML or PDF formats