The practical challenge
Too many controls can consume time without covering the most important risks. The aim is to identify the critical control points in each process, make checks practical and retain useful evidence of their execution.
Areas of support
- Structuring of internal control frameworks
- Formalization of control reference frameworks
- Implementation of permanent controls
- Process reliability and security
- Support for internal audit missions
Does ongoing control replace internal audit?
No. Ongoing control monitors business activities over time. Internal audit provides independent, periodic assessment of the arrangements. The two should avoid duplication while providing coherent risk coverage.