Fee configuration change review

Control Design Assessment (CDA)

Procedures evaluating whether the control is designed adequately.

1. 1.Obtain and read the fee-change procedure; confirm it requires documented testing and approval prior to deployment.
2. 2.Confirm the approval step is independent of the person making the configuration change.

Control Operating Effectiveness (COE)

Procedures evaluating whether the control operated over the testing period.

1. 1.Select 25 fee configuration changes from the period and confirm each carries test evidence and approval predating deployment.
2. 2.Confirm no sampled change was deployed before its approval was recorded.
3. 3.For any change deployed without complete testing or approval evidence, confirm it was identified and remediated.

Linked risks

• Fee calculation errormitigation 3

Framework mappings & latest test