Key Principles

The Risk Approach methodology was implemented to meet the following requirements:

  • Focus Reconciliation primarily on the risk items

  • Decrease the workload within the teams

  • Reinforce risk awareness within the teams

The reconciliation periodicity will be based on the risk classification of the accounts:

  • HIGH

  • MEDIUM


And on the type of legal Entity:
 
  • KEY

  • OTHER CONSOLIDATED

  • NON CONSOLIDATED


Structure

 

High risk accountsMedium risk accounts
Equity




Other accounts

Bank accounts
VAT accounts
Payroll accounts
Technical accounts
Suspense accounts

Structure

Type of Account

High risk accountsMedium risk accounts
Equity

 

 

 

Other accounts

Bank accounts
VAT accounts
Payroll accounts
Technical accounts
Suspense accounts

Account Items