Account and nostro reconciliation
None of the held texts sets a fixed period on this consumer; every row below reads no period set by the text. Paste one job that feeds this consumer, for example recon_nostro_daily, weekly, and the register reads its period against the clocks below, names the gap in hours, and carries the question for its owner.
Matched on the job name or the consumer column by these words: recon, reconcil, nostro, settlement match, matching, reconciliation.
The clock each rule sets
| Regime | Clock | Clause |
|---|---|---|
| SOX 404 / ICFR named reference | no clock | SOX 404 SOX404-2 Period-End Financial Reporting Process (FRP)quoted below |
| BCBS 239 named reference | no clock | BCBS 239 Principle 7 Accuracy (Reporting)quoted below |
Named reference beside this class, SOX 404 SOX404-2 Period-End Financial Reporting Process (FRP): Per SOX 404: Period-End FRP including account reconciliations + close checklist + management review + significant estimates and judgments.
Named reference beside this class, BCBS 239 Principle 7 Accuracy (Reporting): Risk management reports should accurately and precisely convey aggregated risk data and reflect risk in an exact manner. Reports should be reconciled and validated.
Questions this page answers
What does the register ask the owner of a account and nostro reconciliation job?
Who clears the breaks this reconciliation raises, and by when?
The clauses in full
Per SOX 404: Period-End FRP including account reconciliations + close checklist + management review + significant estimates and judgments.
What an assessor asks to see: SOX 404 evidence for SOX404-2. Where it usually falls short: ELC + ITGC + deficiency partial
Risk management reports should accurately and precisely convey aggregated risk data and reflect risk in an exact manner. Reports should be reconciled and validated.
What an assessor asks to see: Reconciliation and validation procedures for risk reports prior to distribution; Defined accuracy requirements and validation sign-offs for reports; Documentation of report data sources and calculation methods; Error log and correction process for risk reports. Where it usually falls short: Reports distributed without validation or reconciliation
Requirement text quoted from the standards themselves, published at compliance.theartofservice.com, the same publisher as this register, read against the held text of each standard: our statement of each clause, not the instrument verbatim. Run this job through the register