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Function documentationControl Objectives Locate this document in the navigation structure

 

Control objectives define statements of desired results or purposes. You assign these statements to the relevant subprocesses. Control objectives document the objectives that are relevant for the specific subprocess.

Activities

Creating Control Objectives

Perform the steps below to define your control objectives.

  1. Choose   Master Data   Objectives   Control Objectives  

    The Control Objective Catalog displays. The left pane shows a list of available control objectives. The right pane shows the general information and related subprocesses of the control objective that is highlighted in the left pane.

  2. Choose Create.

    The Create Control Objective dialog box displays.

  3. On the General tab, enter the following information:

    Field Name

    Description

    Control Objective - required

    Enter a name for the control objective. This is a 40-character text field that the system uses in reports that are related to control objectives.

    Objective Category - required

    Select the objective category from the dropdown menu. This value is used with the control type attribute within the control. Your choices include the following categories:

    • Compliance and Regulations

    • Financial Reporting and Disclosures

    • Operations

    To define your own values through the Customizing activity, choose   Governance, Risk, and Compliance   Process Control   Edit Attribute Values  . In the left pane, select Attributes with Dependent Attributes. In the right pane, select the row for CO-OBJCAT. Then select the values under Attributes with Dependent Attributes and maintain your entries.

    Description – recommended

    Enter a description for the control objective.

    This is a text field that is included in some reports that present control objectives.

    Valid To and Valid From - required

    Enter a date range for the control objective to be valid or accept the default Valid To date of December 31, 9999 (preferred).

  4. On the Subprocesses tab, choose Add to associate the desired subprocesses to your control objective.

  5. On the Risks tab, select Add to associate the risks with your control objective.

  6. On the Attachments and Links tab, choose Add to associate documents or links to your control objective.

  7. Choose Save.

Note Note

To change a control objective, follow the same procedure except, in step 2, you select an existing control objective and then choose Open.

End of the note.