{"catalogRevision":"f368a6cce277037e4b1e1ff46004e3acd295f96c9ac63a411a0e45775a7f468e","kind":"record","record":{"attributes":{"category":"financial_reporting","domain":["Financial Reporting Controls (SOX)"],"inherent_rating":"high","taxonomy":["sox-rmm-assertion"]},"canonicalUrl":"https://assureswarm.com/controls/?v=1&node=risk%3Afin-valuation-impairment","description":"Goodwill/long-lived-asset impairment not recognized, understated allowances for doubtful accounts, omitted inventory NRV write-downs, misstated pension/OPEB and contingent-liability reserves, and unassessed deferred-tax realizability — carrying assets above recoverable amounts.","details":{"category":"financial_reporting","impact":"high","inherent_rating":"high","likelihood":"medium","risk_id":"fin-valuation-impairment","taxonomies":["sox-rmm-assertion"],"treatment":"mitigate"},"id":"risk:fin-valuation-impairment","mapUrl":"https://assureswarm.com/controls/?v=1&node=risk%3Afin-valuation-impairment","sourceIds":["sox"],"sourceUrl":null,"title":"Valuation and impairment misstatement","type":"risk"},"relationships":[{"expectedCatalogRevision":"f368a6cce277037e4b1e1ff46004e3acd295f96c9ac63a411a0e45775a7f468e","id":"rel:86fcdbf847e17d45c2c6b9489846e0d1aba8ee9b3e1f7fc334b6ca17614abe6f","properties":{"rationale":"Management review of significant estimates challenges impairment, allowance and reserve valuations.","strength":"primary"},"sourceDetailPath":"/controls/data/v1/records/uc-uc-fin-02-9127de7b.json","sourceId":"uc:UC-FIN-02","targetDetailPath":"/controls/data/v1/records/risk-fin-valuation-impairment-07037c02.json","targetId":"risk:fin-valuation-impairment","type":"mitigates"},{"expectedCatalogRevision":"f368a6cce277037e4b1e1ff46004e3acd295f96c9ac63a411a0e45775a7f468e","id":"rel:f29bdec3d0a1cca38f2780fd2a441b2318391923443b088ae20dbd62eb33c293","properties":{"rationale":"","strength":"related"},"sourceDetailPath":"/controls/data/v1/records/uc-uc-fin-01-bb3ef2cd.json","sourceId":"uc:UC-FIN-01","targetDetailPath":"/controls/data/v1/records/risk-fin-valuation-impairment-07037c02.json","targetId":"risk:fin-valuation-impairment","type":"mitigates"}],"schemaVersion":1}
