Standing data control
Standing data controls safeguard information such as employee pay rates, supplier bank details and authorised customer records. Controls can include restricted access, independent authorisation, change logs and periodic review. An erroneous or unauthorised master-data change can affect many later transactions even if each transaction passes an input check. The auditor tests the relevant change process and investigates exceptions.
Worked example
A supplier bank-account amendment requires independent approval and appears on a change report reviewed by someone outside payment processing.
Common mistake
A correct supplier code does not prove that the stored bank details are authorised or current.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AA | Direct | September 2026–June 2027 |