Compliance workbench

• US 20060059026A1
• Filed: 08/24/2004
• Published: 03/16/2006
• Est. Priority Date: 08/24/2004
• Status: Abandoned Application

• Current Assignee: Oracle International Corporation (Oracle Corporation)
• Original Assignee: Oracle International Corporation (Oracle Corporation)
• Inventors: King, Nigel, Masumoto, Wakana
• Application Number:
  US10/926,194
• Publication Number:
  US 20060059026A1
• Time in Patent Office: Days
• US Class Current: 705/7
• CPC Class Codes: G06Q 10/06 Resources, workflows, human or project management; Enterprise or organisation planning; Enterprise or organisation modelling
• CPC Class Codes: G06Q 10/0635 Risk analysis of enterprise or organisation activities
• CPC Class Codes: G06Q 10/0639 Performance analysis of employees; Performance analysis of enterprise or organisation operations
• CPC Class Codes: G06Q 10/10 Office automation; Time management

Abstract

An audit system formally communicates the results of an audit to company officers. The audit system allows company officers to review the audit information in detail to identify specific risks, their associated financial controls, and the potentially impacted financial accounts. The audit system displays a summary of audit results identifying specific financial items, risks, business processes, and organizations that fail to meet audit requirements. The audit system can also summarize audit results by their associated financial items, enabling company officers to see the potential impact of audit results on specific financial items. Similarly, the audit system can summarize audit results by their associated organizations, enabling company officers to see the source of audit shortcomings. If a company officer decides to certify the audit results, the audit system documents the company officers'"'"' approval. The audit system can receive an electronic signature to record the company officer'"'"'s certification of audit results.

Claims

1. A system for reviewing the results of an audit of an enterprise, comprising:

a set of business processes describing the operations of the enterprise;

a user interface for selecting between one of a plurality of views of audit results; and

a first view of the audit results, the first view summarizing the audit results and including;

a first set of financial items from a financial statement associated with the enterprise, the first set of financial items failing to satisfy at least one of a set of audit requirements; and

a subset of the set of business processes failing to satisfy at least one of the set of audit requirements.

2. The system of claim 1, wherein at least a portion of the subset of the set of business processes is associated with a set of organizations that have failed to satisfy at least one of the set of audit requirements.

3. The system of claim 1, wherein at least a portion of the subset of the set of business processes have failed to satisfy at least one of the set of audit requirements for the entire enterprise.

4. The system of claim 1, wherein the first view of the audit results includes a set of new risks associated with the set of business processes subsequent to a previous audit.

5. The system of claim 4, wherein the first view of the audit results includes a set of new process controls associated with the set of new risks subsequent to a previous audit.

6. The system of claim 1, wherein the first view includes a set of risks associated with the set of business processes and unassociated with a process control.

7. The system of claim 1, wherein the first view includes a set of process controls associated with the set of business processes and failing to satisfy at least one of the set of audit requirements.

8. The system of claim 1, further including a second view of the audit results including:

a second set of financial items from a financial statement associated with the enterprise;

for at least one of the second set of financial items, a set of business processes associated with the financial item;

for at least one of the second set of financial items, a set of risks associated with the financial item; and

for at least one of the second set of financial items, a set of process controls associated with the financial item.

9. The system of claim 8, wherein the set of business processes associated with the financial item includes a business process failing at least one of the set of audit requirements.

10. The system of claim 8, wherein the set of risks includes an unmitigated risk associated with the financial item.

11. The system of claim 8, wherein the set of process controls includes an ineffective process control associated with the financial item.

12. The system of claim 8, further including:

for at least one of the second set of financial items, an organization associated with the financial item and failing to satisfy at least one of the set of audit requirements.

13. The system of claim 1, further including a second view of the audit results including:

a set of organizations of the enterprise that are associated with the set of business processes describing the operations of the enterprise;

for at least one of the set of organizations, a set of business processes associated with the organization;

for at least one of the set of organizations, a set of risks associated with the organization; and

for at least one of the set of organizations, a set of process controls associated with the financial item.

14. The system of claim 13, wherein the set of business processes associated with the organization includes a business process failing at least one of the set of audit requirements.

15. The system of claim 13, wherein the set of risks includes an unmitigated risk associated with the organization.

16. The system of claim 13, wherein the set of process controls includes an ineffective process control associated with the organization.

17. The system of claim 1, further including a second view of the audit results including:

a certification result section including;

a first input field adapted to record a user'"'"'s conclusion regarding the validity of the audit results; and

a second input field adapted to record the identity of the user.

18. The system of claim 17, wherein the second input field is adapted to record an electronic signature of the user.

19. The system of claim 1, wherein each of the plurality of views is created from the set of business processes, a predefined set of risks associated with the set of business processes, a predefined set of process controls associated with the predefined set of risks, a set of organizations of the enterprises, a set of financial accounts associated with the set of business processes, and at least one audit project.