What factors can cause controls that are established and implemented for a prolonged period to lose?

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14-07-2022
Social Studies

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What factors can cause controls that are established and implemented for a prolonged period to lose?

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ahmadfardeen571 ahmadfardeen571 · Answer 1 · 2022-07-22T17:15:41+02:00

Overconfidence or complacency can cause controls that are established and implemented for a prolonged period to lose.

Develop controls and make risky choices. Increase control measures that cast off the risk or reduce its chance. As management measures are advanced, dangers are re-evaluated till the residual danger is at a stage wherein the benefits outweigh the fee. The best selection authority then makes the selection.

Inner control dangers are dangers that affect the effectiveness and performance of internal controls and consequently affect the fulfillment of targets. They may be a part of operational danger and compliance risk.

Risk measures are actions taken to eliminate, prevent or reduce the prevalence of a danger that you have diagnosed. By way of adopting chance management measures, you're aiming to reduce the dangers to health and protection to date as is reasonably achievable.

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