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Establish and maintain a practitioner's examination report on pro forma financial information.


CONTROL ID
13968
CONTROL TYPE
Establish/Maintain Documentation
CLASSIFICATION
Preventive

SUPPORTING AND SUPPORTED CONTROLS




This Control directly supports the implied Control(s):
  • Establish, implement, and maintain an audit program., CC ID: 00684

This Control has the following implementation support Control(s):
  • Include references to where financial information was derived in the practitioner's review report on pro forma financial information., CC ID: 13982
  • Include a statement that the financial statements used were audited by other practitioners in the practitioner's examination report on pro forma financial information, as necessary., CC ID: 13981


SELECTED AUTHORITY DOCUMENTS COMPLIED WITH




  • reconciles it with the financial condition and results of operations of the issuer under generally accepted accounting principles. (§ 401(b)(2), The Sarbanes-Oxley Act of 2002 (SOX), July 30, 2002.)
  • Financial stability. The maintenance of sufficient capital and liquidity to support ongoing operations and the ability to generate profit to ensure future viability. Financial difficulties at the TSP can negatively affect the safe and sound operations of serviced financial institutions through deter… (Risk-Based Supervision ¶ 2 Bullet 6, FFIEC IT Examination Handbook - Supervision of Technology Service Providers, October 2012)