Control Self Assessment
Solutions: Control Self Assessment
Control Self Assessment increasingly is being recognized by businesses as a powerful tool that can help auditors, management, and others examine and assess business processes and control effectiveness within their organizations. Control Self Assessment is an interactive and collaborative interaction between auditors or other facilitators and the organization being audited. Through the Control Self Assessment process, participants learn more about controls and their own responsibility regarding risk management. They become involved in designing and executing the controls that contribute to meeting the organization's goals and objectives.
Facilitate.com's web-based collaborative meeting and survey software provide the tools that Internal Audit departments need to create a collaborative process for implementing Control Self Assessment. By streamlining the process with online brainstorming, decision making and action planning tools, Facilitate.com allows Internal Audit departments to engage more departments and expand their reach across the organization. Results are documented to assess and improve the organization's risk management practices. When used to its best potential, Control Self Assessment can be a vital tool which enables the auditing department and management to identify strengths and weaknesses within an organization across the board, and implement controls designed to improve and enhance the effectiveness of the operation. Let Facilitate.com help you harness the essential information Control Self Assessment can provide.
To learn more about Control Self Assessment, follow this link: Control Self Assessment
Gathering Control Self Assessment Data
One of the most thorough approaches for gathering Control Self Assessment data is through the use of surveys. Unfortunately, although these surveys may provide invaluable Control Self Assessment information, they are often expensive and difficult to administer. Facilitate.com's web based survey tool speeds and simplifies the collection and analysis of Control Self Assessment data. With Facilitate.com Control Self Assessment is easy enough for internal auditors to set up, administer and analyze without requiring IT support. At the same time, Control Self Assessment data is functionally rich enough to provide a wide array of voting options and survey formats. Authorized users can view these Control Self Assessment results, create reports or feed the data into any analysis tool. You can then use the Control Self Assessment survey data as input to the Control Self Assessment workshop.
Control Risk Self Assessment
Control Risk Self Assessment is a process gaining some popularity in the U.S. and already popular in Canada. In the Control Risk Self Assessment process, a facilitator walks a team, department or group through an evaluation of the risks that have an impact on the achievement of the goals and objectives of their own area, and any mitigating controls associated with those risks. This type of Control Self Assessment process provides an alternative to a traditional operational audit that is less imposing and more efficient, while producing a very similar end result. If you would like to learn more about Control Self Assessment or conducting a Control Self Assessment, follow this link: Control Self Assessment Information
More on Control Self Assessment
Facilitate.com's meeting tools enable anonymous input to certain parts of the workshop, ensuring an atmosphere that is open and honest and that the Control Self Assessment data collected is viable.
To learn more about Control Self Assessment, or to view an example of a Control Self Assessment survey, please follow this link: Control Self Assessment Information