Data integrity

A solid data integrity framework is the foundation stone for a robust valuation process. Often, valuation data is drawn from a number of different systems, using a variety of processes. The data integrity framework should ensure the provision of accurate, complete and timely data from these sources systems all the way to the actuarial models.

Such a process will:

• Be formalised, with appropriate sign-off at various stages;
• Be cost effective and largely automated;
• Be end-to-end (from source system to the actuarial models);
• Include preventative controls (interface controls) as well as detective controls (reconciliations);
• Enable earlier identification of issues and minimise surprises; and
• Support the sign-off of data integrity and the overall audit process.

If you would like to find out more about our services in this area, please contact Greg Taylor or Paul Driessen in our Sydney office.