SOX requires daily approvals of real transfer of HFM to Planning?

Hello

We charge the actual data already closed months (i.e. approved by our accountants) in planning cube for forecasts of CDA.

SOX requires daily approval of the transfer of these actual data of HFM (registration system) to planning?  It seems silly as these actual expenses were already "closed via the senior management approvals.  We use the ODI to schedule a load of these actual spending of HFM in planning export.  Someone told me that all charges must be signed off the coast before each load, in order to be compliant ET.  It would have been absurd to me.

Thank you.

My opinion is that it is always useful to have well defined and documented the exception process in each EPM implementation especially on data charging, etc., prior period activity and approval of the processes around it can vary for each organization... There is no such a rule universal for SOX and these exception process are preferable to discuss

with applications and defined internally in the Organization - owners because it depends on the specific risk & applicable internal control framework in each implementation environment.   I hope this helps!

Tags: Business Intelligence

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