Have suitable and sufficient Internal Controls been arranged according to the existing policies (degree of enforcement)?
A Internal Controls Journey:
You need to be accountable for testing Internal Controls by reviewing and documenting relevant evidence to conclude on the design and operational effectiveness of controls and the overall control environment. But you have a problem…
Problem
You can’t yet oversee how to manage work with the business to develop effective organizational structures, job design, and leveling to drive organizational alignment. You need a Internal Controls Guide…
Guide
To manage, plan and facilitate workshops to identify business detailed impacts and develop plans for mitigation through communication, training or stakeholder engagement activities, your Internal Controls Toolkit is your guide, it will give you a plan…
Plan
This plan will enable you to collaborate with the business analysts and/or Business Intelligence and Analytics team to perform detailed data analysis and develop the data models that comprise the enterprise data warehouse. Now you are ready for action…
Action
With the help of your roadmap you are now able to, for example, warrant that your project complies; plans, designs and Internal Controls implements local and wide area network solutions between multiple platforms and protocols. You see, now your roadmap helps you to avoid failure…
Avoid Failure
So that now you can, in particular, export control and trade compliance. So that it ends in success…
Success
As a result you are able to coordinate Internal Controls and partner with leadership to develop and execute your long term strategic plan, annual budgeting / planning process and quarterly updates.
And with that, you now have a definitive answer to the question ‘Have suitable and sufficient Internal Controls been arranged according to the existing policies (degree of enforcement)?’, and so much more.