What is 'level of evidence' in SAP GRC-SPC - GRC Process Controls for SAP?

level of evidence - Overview

• Component: GRC-SPC

• Component Name: GRC Process Controls for SAP

• Description: Level of evidence is an attribute of a control. It is the amount of evidence to demonstrate the effectiveness of a control. For example, level 1 requires no test of effectiveness. Level 2 requires Control Design Assessment only. Level 3 requires an Effectiveness Test and Control Design assessment.

level of evidence - Details

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  Key Concepts: 
  Level of evidence is a concept used in SAP GRC Process Controls for SAP to determine the level of assurance that a control is operating effectively. It is based on the type of evidence that is collected and analyzed to assess the control’s effectiveness. The higher the level of evidence, the more assurance that the control is operating effectively. 
  
  How to use it: 
  The level of evidence is determined by the type of evidence collected and analyzed. This includes data from internal and external sources, such as financial statements, audit reports, and other documents. The evidence should be sufficient to provide reasonable assurance that the control is operating effectively. 
  
  Tips & Tricks: 
  When determining the level of evidence, it is important to consider the type of evidence that will be collected and analyzed. For example, if a control requires manual testing, then the level of evidence should be higher than if it only requires automated testing. Additionally, it is important to consider the frequency with which the evidence will be collected and analyzed. 
  
  Related Information: 
  The level of evidence concept is closely related to risk assessment and internal controls. Risk assessment involves identifying potential risks and assessing their likelihood and impact on an organization. Internal controls are measures taken to mitigate risks and ensure that processes are operating effectively. The level of evidence