Principle 12: Enforces through Policies and Procedures The organization controls actions through policies that set expectations and implement procedures. Focus Points: The following focal points highlight essential features of this…
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Principle 11: Selecting and Developing General Controls over Technology – The organization selects and develops general control actions to support achieving objectives. Focus Points: The following focal points highlight essential…
Principle 10: Selecting and Developing Control Actions The organization selects and develops control actions to reduce risks to acceptable levels in achieving objectives. Focus Points: Control actions serve as a…
The organization identifies and evaluates changes that may significantly affect its internal control system. As economic, sectoral, and legal environments change, an organization’s leadership structure, scope, priorities, business model organization,…
The organization also considers the potential for fraud when assessing risks to achieving objectives. Focus Points: The following focal points highlight essential aspects of activities, reporting, and compliance objectives: Evaluates…
The organization identifies risks to achieving organization-wide objectives and analyzes them to determine how they should be managed. Focus Points: The following focal points highlight essential aspects of activities, reporting,...
Read MoreThe organization determines the objectives sufficiently to identify and assess associated risks. Focus Points: The following focal points highlight essential aspects of activities, reporting, and compliance objectives. Activity Purposes ...
Read MoreThe organization regulates the accountability of individuals for their internal control responsibilities in line with the objectives. Focus Points: The following focal points highlight essential features of this principle. Implements…
Principle 4: Demonstrates Commitment to Competence It shows how committed the organization is to attracting, developing, and retaining competent individuals according to its objectives. The following focal points highlight essential…
Principle 3: Structure Establishes Authority and Responsibilities Under the supervision of the board of directors, management establishes appropriate structures, reporting lines, and appropriate authority and responsibilities. Focus Points The focus…