Operational Controls: 4 Ways to Go from ‘Quantity’ to ‘Quality’

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Learn how to kickstart effective risk management by using key control indicators and avoiding resource-draining excessive operational controls.

Every organization has established thousands of business operational controls over the last decade. Yet, audit teams still uncover errors and regulators still impose fines, leading to the creation of more controls. This results in unmanageable inventories, duplicative controls consuming valuable resources, and controls failing to provide necessary risk mitigation. Also, there’s an overall lack of ownership and hands-on knowledge of each control’s functionality. It’s time to break that cycle; we know how.

Reducing redundant business controls involves an in-depth review of control relevance and applicability. Additionally, it requires consolidating duplicative controls, retiring outdated ones, and making necessary edits or implementing new controls for compliance. While these efforts demand focused resources and can take a lot of time to do it right, it’s not as daunting as you may think. You can effectively manage your controls landscape with a few key indicators.

In this blog from CDIA Annual Sponsor Bridgeforce, you’ll learn 4 ways to go from quantity to quality:

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