Financial
Financial controls such as adopting an accounting standard and segregation of duties.IT Controls
Controls related to IT operations and information security. For example, a process of approvals for adding user permissions to a system.Change Control
Controlling change to assets such as software. For example, a change control board.Project Controls
Control of projects using project management, risk management and project governance processes.Risk Control
The process of identifying and controlling risk such as a know your customer process for reducing credit risk.Compliance Controls
Controls that are directly related to compliance such as a process of disclosing executive compensation to external stakeholders.Safety Controls
Safety controls such as a preflight checklist for pilots.Human Resources Controls
Controls related to employee performance and organizational culture. For example, a process of employee performance reviews and disciplinary policies.Operational Control
Controls related to an organization's core business processes such as a process of reporting key metrics to senior management.Quality Control
The testing of products and services to ensure conformance to specifications and policy.| Overview: Internal Controls | ||
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Definition | Structures, processes, practices, reports, measurements and systems that are put in place to achieve objectives, manage risk and achieve compliance. | |
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