This site uses cookies to provide you with a more responsive and personalized service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Bookmark Email Print this page

Control Self Assessments

The web-based CSA tool Deloitte has developed allow management to take accountability for, and to signoff on the effective design and operation of  internal controls. The CSA tool allows management in diverse locations to complete a specifically developed questionnaire on a periodic basis and for the easy collation of results for reporting to the Audit Committee.

The King report on Corporate Governance requires that a combined assurance model is applied to provide a coordinated approach to all assurance activities, including assurance from management and from internal and external assurance providers. Obtaining the requisite assurance from management as suggested by the King Report is not always  easily accomplished. One of the most effective ways of obtaining management assurance as part of the combined assurance model is in the form of a Control Self assessments(CSA).

Deloitte has the skills, experience and tested software tools to make CSA a contributor to combined assurance  in any organisation. The CSA tools we develop will improve accountability for and reporting on the operation of controls.  

Control self-assessment creates a clear line of accountability for controls, reduces the risk of fraud, (by examining data that may flag unusual patterns of transactions) and lowers risk profile. A number of other soft benefits have been claimed by organisations performing control self-assessments. These include a better understanding of business operations (by both management and operational staff), stronger awareness of risk practices and a reinforced  governance regime. The results are typically presented in the form of Dashboards which are easily understood and highlight areas of control weaknesses or failures a ta glance.

An effective and efficient CSA  can assist in limiting the need for extensive audit testing and can reduce auditor fatigue and assurance overload.

Key contacts


Pramesh Bhana
Africa Leader
RA Governance, Risk and Oversight
Tel: +27 (0) 11 209 6337

Stay connected:

 

Material on this website is © 2014 Deloitte Global Services Limited, or a member firm of Deloitte Touche Tohmatsu Limited, or one of their affiliates. See Legal for copyright and other legal information.

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.

Get connected
Share your comments

 

 

More on Deloitte
Learn about our site

  


Recently blogged