ABSTRACT

Financial reporting is pretty straightforward from an analyst’s point of view: there are no ambiguities because of legal prescriptions. Article 409 urges management to disclose changes in the financial and operational position of the company as fast as possible in understandable words for the public and Article 802 prescribes archiving the relevant records for later audits. A process analysis of the creation of data in the source systems, the extract, transform, and load of the data warehouse is needed to indicate the various phases through which each data element goes. The Institute of Internal Auditors defines internal control as the whole of an organization’s plans and measures to achieve its principal goals: to protect the correctness and reliability of financial and operational information. In most financial Business Intelligence projects there are three priority levels that define the project and the analysis approach. Most financial systems use all sorts of analytical attributes and groupings reflecting the strategic issues at hand.