Many businesses perform well over short periods, but those that have sustainable high performance are those that have a robust and efficient control environment. So it is hardly surprising that investors and stakeholders are seeking ever more efficient and reliable controls.
Having a clear view as to the current status of your control environment is vital to demonstrate that mission-critical risks are mitigated to acceptable levels in accordance with the organization’s risk appetite. It is also important to ensure that the control framework that is deployed is cost effective and reliable in addition to guaranteeing efficiency and effectiveness in terms of operational results, segregation-of-duties issues and other pertinent risks.
Robust and efficient control environment for long-term success