Current Standing

Review Calendar and Journal

The continuing practice of confirming that the conditions under which a tool was authorized still hold.

How to read this instrument

Standing is how current a tool's review is, measured from the last read against the next scheduled read: Up to date, then a running count of days since the last read, then a countdown as the next read approaches, then Overdue. The band is read against the tool's own cadence, so the same day count means more on a monthly tool than an annual one.

The read finding is the judgment from the read itself, recorded on each logged review as Proceed, Caution, or Flag and carried in the journal. Standing tracks whether the read is current; the finding tracks what the read concluded.

The journal records each review with the date it was performed, the finding set that read, and whether the vendor's language drifted since the last read. That dated history is the longitudinal record the firm's monitoring principle requires, not a notes field.

A material update is a vendor change to the governing documents. Recording one resets the clock at once, independent of cadence, and marks the tool for re-read: the read of record predates the change and no longer describes the current language. A logged review resolves the update.

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The review repeats on the chosen cadence. Each logged review advances this date forward by one cadence automatically.

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