© Matti Mattila, CPFA, CISA, CIA

Questionaire #1: Controls

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The ECAR Model document

Claims below can be derived from The ECAR Model document's chapter "322 Controls".

Text for questionnaire

Controls protect process from deviating from the course towards objectives. Permanent controls are carried out on continuous basis during normal run of a process. Examples of such controls are reconciliations, verifications, and separating duties [1]. Ad hoc controls are carried out incidentially in emerging situations, e.g. an extra review of work when strong doubts about its quality arise. At my work place..
B1) controls address right things.
B2) controls are carried out so that they fulfil the purpose that they exist for.
B3) controls are built such a way that they can be carried out efficiently.
B4) [Open question:] What control are you most unsatisfied with and why?

[1] The underlying idea in sepation of duties is eliminating risky work combinations so that same worker e.g. can not authorize transactions and make - or collect - payments and/or take care of book-keeping.