Confirmation that an internal control system is implemented and that the internal control activities were documented and assessed, and these assessments did not raise any issues that negatively influence correctness of the financial reports.
|Software Component Version||ESM ERP 606|
|Business Object Type||Business Process Object|
In Management of Internal Controls (MIC), there is a need not only for the documentation of all existing controls within one company, but also a need to test and assess the completeness and correctness of those controls. At the end of the fiscal year, the executive board is required to sign-off on the completeness and correctness of all internal controls. This sign-off can be performed as a self service from an external system.