What is Coding Attestation?

Definition

Coding Attestation is the formal confirmation that financial transaction coding has been accurately applied, reviewed, and approved according to internal policies, accounting standards, and governance frameworks. It provides assurance that coding decisions are valid, authorized, and properly documented for audit and compliance purposes.

Purpose and Scope

The purpose of Coding Attestation is to strengthen control over financial data, reduce the risk of misclassification, and support reliable reporting. It integrates with processes such as Master Data Dependency (Coding), Segregation of Duties (Coding), and Materiality Threshold (Coding) to ensure that only authorized personnel certify coding decisions based on transaction size and complexity.

For example, a $4.2M intercompany transaction may require attestation through a Coding Authorization Matrix and review by the Coding Governance Committee, with verification against the Standard Coding Template to maintain consistency and compliance.

Key Activities

• Verification of coding accuracy and completeness across financial entries

• Confirmation of compliance with Coding Policy Enforcement and internal guidelines

• Application of Segregation of Duties (Coding) to prevent unauthorized approvals

• Integration with Preventive Control (Coding) and Detective Control (Coding) mechanisms

• Documentation of attestation outcomes for Coding Journal Integration and audit readiness

• Support for continuous improvement through Coding Continuous Improvement initiatives

Benefits

• Ensures accuracy and compliance of financial transaction coding

• Reduces risk of errors, misclassification, and unauthorized activity

• Supports internal controls and regulatory compliance

• Enhances audit readiness and governance transparency

• Promotes standardization and continuous improvement in coding processes

Summary

Coding Attestation formally confirms that financial transaction coding is accurate, compliant, and authorized. By integrating with authorization matrices, governance committees, and control frameworks, it ensures reliable reporting, strengthens internal controls, and supports audit and compliance readiness.