Advanced

Control deficiency evaluation: severity and remediation plan

Evaluates control deficiencies (design/operating) and drafts severity assessment, root cause, and remediation actions. Useful for auditors, SOX owners, and internal audit.

Evaluate the following control deficiency and propose remediation.

Inputs:
- Control description and objective: {control_description}
- Exception details: {exception_details}
- Frequency and population size: {frequency_population}
- Financial statement impact and likelihood: {impact_likelihood}
- Compensating controls: {compensating_controls}
- Prior history: {prior_history}

Deliver:
1) Deficiency classification (design vs operating) with rationale.
2) Severity assessment (deficiency/significant deficiency/material weakness) using provided criteria {severity_criteria}.
3) Root cause analysis (people/process/technology).
4) Remediation plan: actions, owners, timeline, evidence of completion.
5) Communication draft to management/those charged with governance (bullet points).

Be clear where professional judgment is required.

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