Control Self assessments (CSA) are a mechanism to drive accountability across the organization and seek positive assurance from line management on internal controls. Self Assessments are a key tool to support a robust CEO, CFO certification process.
Click here to view the image
Key questions that CSA helps you answer -
Are your controls operating as designed? - Ownership and accountability for risk and control is embedded into the business.
How is control performance being monitored? - The ability of employees to identify risks, evaluate controls and identify areas of improvements.
Are control weaknesses being reported and actioned effectively? - Understanding issues, benchmarking multiple sites, operational areas and regions, and effectively resolving identified issues.