Scenario: Your manager is concerned that IT/IS internal controls are not being o

Question

Scenario: Your manager is concerned that IT/IS internal controls are not being owned by appropriate functional operators and managers. The concern is that employees do not feel accountable and are not working to find control weaknesses and improve the controls. Your manager has heard about control self-assessments (CSAs) and has asked you how CSA is implemented as well as the expected effect from a successful CSA program. Prepare a 12- to 14-slide Microsoft® PowerPoint® presentation to answer the manager's questions. This presentation should be prepared for senior executive management, because your manager will likely ask you to present it to them. Include a title slide, a reference slide, and a script in each slide's speaker's notes.

Explanation / Answer

Now a day’s all business organizations should need to adopt dynamic risk management with effective internal controls. It is recommended that all business units should continuously assess their risks and the effectiveness of the controls. This organizations should need to implement Control Self Assessment (CSA) .it is an effective approach to identify and managing areas of risk coverage and also adding advantage of highlighting probable opportunities.CSA provides a framework to manage organizational risks to gain their objectives. To simply define, CSA maintains a structured approach to documenting business objectives, risks and controls and their management.

Benefits:

* To implement CSA for every organization requires people with great experience in these type of projects.

*   With CSA organizations can obtain a clear understanding of major activities and objectives.

*    Improves risk awareness and controls among management and employees.

*     Main thing is that it provides structured approach to improving the controls framework.

*     It Enhances responsibility for risks and controls.

*     Generates best practices to improve business performance.

*     Standardize that means same functions are performed in multiple locations.

*    CSA Help directors to meet their responsibilities.

*     decrease the time and effort.

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