How streamlined processes and frameworks are allowing businesses to effectively manage and optimise its risk taking.
It’s easy to assume that, given the costs involved, the control framework has a defined and valuable purpose.
Yet 81% of the companies that we surveyed stated that their SOX or Internal Controls (IC) strategy was in place in order to maximise external audit (EA). Two-thirds (69%) of the companies surveyed also said that their SOX/IC scopes were identical to the EA scopes.
This begs the question: What is the purpose of control framework? Is it for external audit? Or is it to manage the business effectively and optimise risk taking, as well as increase value?
Download our paper to learn the benefits to building a robust and resilient controls framework.