Auditors, what questions do you use in a control design effectiveness assessment and control operating effectiveness assessment?
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Group Risk Manager in Miscellaneousa year ago
Does control prevent the causes of the risk from happening or reduce the impact of the consequences or help to detect if the risk is occurring? Is the control fit-for-purpose? Does the organisation have the capability and resources to operate the control? Is the control efficient? Is the control cost effective? Is the control automated or manual? Is the control necessary? Is the control reliable and repeatable?
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Does control prevent the causes of the risk from happening or reduce the impact of the consequences or help to detect if the risk is occurring?
Is the control fit-for-purpose?
Does the organisation have the capability and resources to operate the control?
Is the control efficient?
Is the control cost effective?
Is the control automated or manual?
Is the control necessary?
Is the control reliable and repeatable?