Presentation on theme: "December 6, 2006 Makoto Koizumi"— Presentation transcript:
1December 6, 2006 Makoto Koizumi Koizumi.Makoto@jp.fujitsu.com INRPT07: Comprehensive Financial Data Modeling- FR, GL, and Internal Control Taxonomy -December 6, 2006 Makoto Koizumi
2Basic Concept (1/2) Corporate Financial Data Model Binding FR and GL Describe Business Process (IC) in XBRLRisks in business processControls to mitigate the risksBinding GL and IC
3Basic Concept (2/2) Internal Control(XBRL-IC) IT General Control Financial Statement (XBRL-FS)(Material Accounting Item)Ex: Total Asset (BS)Ex: Sales (PL)Ex: Profit before tax (PL)General Ledged (XBRL-GL)(Legion): (Detail accounting item)Ex: Sales ⇒ Head Office : Sales Accounting (Software)Internal Control(XBRL-IC)Business Process: Sales Process Activity(1:n) ⇒Attribute(O,F,C) (1:n) Risk (1:n) Control Objective (1:1) Control Activity (1:n) Key Control (1:1) Test Effect/ Evaluation (1:n)IT General ControlBusiness ProcessManagementOrganizationAccount
4The Merit of Internal Control Taxonomy Comprehensive corporate data model to provide;Risk management: to identify material weakness in internal controls and supports to plan + act accordingly with materiality of deficiencies.Business Process Management: based on materiality of business process with relation to financial reports.Possible management dashboard: for top management to understand areas of risks.
5Why XBRL Taxonomy? Integrity with financial information Flexibility and ExtensibilityDefines corporate-specific risks and controls using COSO template.Data management and workflowFacilitates information sharing regarding Internal Control’s definition or evaluation among Business Process Owner, Internal Control Department, and external auditor.
18IC DTS Diagram – A Company Internal Control TermsElements(ctrl)RelationshipsCOSO FrameworkTerms Elements(coso)Inbound Terms(inbound)Process Terms(proc)Company ExtensionOutbound Terms(outbound)Concepts