Entity Name
Entity ID
Category
Competency
ID
Assessment Year
Assessed Rating
Relevance
Commentary
Sample Company #2 ENT10012 Reconciliation Fundamentals Reconciling Items are tracked at the Line Item Level and Carried Forward RF1 2025 -100 Include In Assessment Result NULL
Sample Company #2 ENT10012 Reconciliation Fundamentals Retrieval of Electronic Records of Bank Transactions are achieved through automated integration RF2 2025 -100 Include In Assessment Result NULL
Sample Company #2 ENT10012 Reconciliation Fundamentals Approved reconciliation reports are stored in an electronic repository with audit trail and real time remote retrieval capabilities for authorized users RF3 2025 -100 Include In Assessment Result NULL
Sample Company #2 ENT10012 Reconciliation Fundamentals Outstanding reconciling items are aged and prioritized for resolution. RF4 2025 -100 Include In Assessment Result NULL
Sample Company #2 ENT10012 Reconciliation Fundamentals Reconciling Items are disposed in a timely manner with escalation procedures for aging buckets. RF5 2025 -100 Include In Assessment Result NULL
Sample Company #2 ENT10012 Reconciliation Fundamentals Retrieval of General Ledger Transactions from the ERP system is achieved through an automated integration RF6 2025 -100 Include In Assessment Result NULL
Sample Company #2 ENT10012 Reconciliation Fundamentals Clear procedures have been defined for handling unusual or high-risk transactions. RF7 2025 -100 Include In Assessment Result NULL
Sample Company #2 ENT10012 Reconciliation Fundamentals A Purpose-Built Tool has been implemented for bank account reconciliation to enable automation and scalability. RF8 2025 -100 Include In Assessment Result NULL
Sample Company #2 ENT10012 Reconciliation Fundamentals Work instructions and user guides have been developed to aid preparers and ensure adherence to policies and emerging risks. RF9 2025 -100 Include In Assessment Result NULL
Sample Company #2 ENT10012 Reconciliation Fundamentals Performance indicators such as reconciliation cycle time, error rates, and unresolved items are tracked. RF10 2025 -100 Include In Assessment Result NULL
Sample Company #2 ENT10012 Quality Assurance And Review There is a post reconciliation approval review process to ensure consistencyof reconciliation standards across preparers and adherence to policy QA1 2025 -100 Include In Assessment Result NULL
Sample Company #2 ENT10012 Quality Assurance And Review Reconciliation preparation and approval deadlines are enforced for each reconciliation cycle. QA2 2025 -100 Include In Assessment Result NULL
Sample Company #2 ENT10012 Process Optimization An automated workflow process is used to streamline approvals and exception handling. PO1 2025 -100 Include In Assessment Result NULL
Sample Company #2 ENT10012 Process Optimization Limited view reconciliation reports are available to internal and external auditors for ease of audit reviews PO2 2025 -100 Include In Assessment Result NULL
Sample Company #2 ENT10012 Policy And Governance Account Reconciliation Policy is comprehensive and regularly reviewed to reflect changes in operations or regulations. PG1 2025 -100 Include In Assessment Result NULL
Noor Takaful Limited ENT12088 Reconciliation Fundamentals Reconciling Items are tracked at the Line Item Level and Carried Forward RF1 2025 50 Include In Assessment Result The organisation does not currently use an automated purpose-built tool to track and carry forward reconciling items. It currently uses Excel to meet this requirement. This is a manual process prone to user errors and time-consuming.
Noor Takaful Limited ENT12088 Reconciliation Fundamentals Outstanding reconciling items are aged and prioritized for resolution. RF4 2025 0 Include In Assessment Result The organisation has several open and aged reconciling bank items which are not currently tracked and classified by age bucket.
Noor Takaful Limited ENT12088 Reconciliation Fundamentals Clear procedures have been defined for handling unusual or high-risk transactions. RF7 2025 -100 Include In Assessment Result We have requested a copy of the user guide. Upon review of the user guide, this assessment competency will be completed. User guide will be shared End-of-day Nov. 17th.
Sample Company #2 ENT10012 Policy And Governance Accounts are classified by risk level to determine appropriate reconciliation intervals. PG2 2025 -100 Include In Assessment Result NULL
Sample Company #2 ENT10012 Policy And Governance Each reconciling line item is properly explained to indicate the root cause and determination of resolution steps. RA3 2025 -100 Include In Assessment Result NULL
Sample Company #2 ENT10012 Reconciliation Attributes Each completed account reconciliation report includes a description of the account and purpose of the account. RA1 2025 -100 Include In Assessment Result NULL
Sample Company #2 ENT10012 Reconciliation Attributes Each completed account reconciliation report includes an accurate reflection of the general ledger account balance. RA2 2025 -100 Include In Assessment Result NULL
Sample Company #2 ENT10012 Reconciliation Attributes Each completed account reconciliation report includes supporting documents for Ledger balance, bank balance and any other reconciling items. RA4 2025 -100 Include In Assessment Result NULL
Noor Takaful Limited ENT12088 Reconciliation Fundamentals Retrieval of Electronic Records of Bank Transactions are achieved through automated integration RF2 2025 50 Include In Assessment Result The organisation does not currently use API/RPA/Secure FTP or any automated retrieval of bank transactions. The organisation currently manually downloads Excel bank statements from internet banking portals.
Noor Takaful Limited ENT12088 Reconciliation Fundamentals Approved reconciliation reports are stored in an electronic repository with audit trail and real time remote retrieval capabilities for authorized users RF3 2025 0 Include In Assessment Result The organisation currently uses a paper-based manual routing approach with approved reconciliation printed and stored physically on-site.
Noor Takaful Limited ENT12088 Reconciliation Fundamentals Reconciling Items are disposed in a timely manner with escalation procedures for aging buckets. RF5 2025 0 Include In Assessment Result Because of the sensitive nature of bank items, best practices normally reconcile bank open items within seven days and exceptionally not more than thirty days. There are a number of open reconciling items that are several months old.
Noor Takaful Limited ENT12088 Reconciliation Fundamentals Retrieval of General Ledger Transactions from the ERP system is achieved through an automated integration RF6 2024 50 Include In Assessment Result The organisation uses a manual Excel approach and does not currently use API/RPA or any automated tool
Noor Takaful Limited ENT12088 Reconciliation Fundamentals A Purpose-Built Tool has been implemented for bank account reconciliation to enable automation and scalability. RF8 2025 50 Exclude From Assessment Result The organisation does not currently employ a purpose-built bank account reconciliation tool, but it will be evaluated as part of this assessment.
Noor Takaful Limited ENT12088 Reconciliation Fundamentals Work instructions and user guides have been developed to aid preparers and ensure adherence to policies and emerging risks. RF9 2025 -100 Include In Assessment Result Work Instruction sample to be provided by End-of-day 17th November.
Noor Takaful Limited ENT12088 Reconciliation Fundamentals Performance indicators such as reconciliation cycle time, error rates, and unresolved items are tracked. RF10 2025 0 Include In Assessment Result Reconcilation related metrics and KPIs are not currently tracked.
Noor Takaful Limited ENT12088 Quality Assurance And Review There is a post reconciliation approval review process to ensure consistencyof reconciliation standards across preparers and adherence to policy QA1 2025 50 Exclude From Assessment Result The current size of the accounting department does not support a post-approval review process.
Noor Takaful Limited ENT12088 Quality Assurance And Review Reconciliation preparation and approval deadlines are enforced for each reconciliation cycle. QA2 2025 -100 Include In Assessment Result Reconciliation, preparation and approval cadence have been established and enforced as the 8th calendar day post month end. See procedure
Noor Takaful Limited ENT12088 Process Optimization An automated workflow process is used to streamline approvals and exception handling. PO1 2025 50 Exclude From Assessment Result The organisation currently does not have a workflow process.
Noor Takaful Limited ENT12088 Process Optimization Limited view reconciliation reports are available to internal and external auditors for ease of audit reviews PO2 2025 -100 Exclude From Assessment Result Organisation does not currently have a document repository to share approved bank account recconcilation or supporting document to share with external auditors
Noor Takaful Limited ENT12088 Policy and Governance Account Reconciliation Policy is comprehensive and regularly reviewed to reflect changes in operations or regulations. PG1 2025 -100 Include In Assessment Result Bank account reconciliation policy to be reviewed for completeness once it is shared
Noor Takaful Limited ENT12088 Policy and Governance Accounts are classified by risk level to determine appropriate reconciliation intervals. PG2 2025 -100 Include In Assessment Result To be evaluated once policy and procedures are received.
Noor Takaful Limited ENT12088 Policy And Governance Each reconciling line item is properly explained to indicate the root cause and determination of resolution steps. RA3 2025 -100 Include In Assessment Result NULL
Noor Takaful Limited ENT12088 Reconciliation Attributes Each completed account reconciliation report includes a description of the account and purpose of the account. RA1 2025 -100 Include In Assessment Result NULL
Noor Takaful Limited ENT12088 Reconciliation Attributes Each completed account reconciliation report includes an accurate reflection of the general ledger account balance. RA2 2025 -100 Include In Assessment Result NULL
Noor Takaful Limited ENT12088 Reconciliation Attributes Each completed account reconciliation report includes supporting documents for Ledger balance, bank balance and any other reconciling items. RA4 2025 -100 Include In Assessment Result NULL