Home › Videos › Module 5: Planning and Executing an Internal Audit › How to Describe Controls in the RCM: Method, Type, Frequency and Test ProcedureHow to Describe Controls in the RCM: Method, Type, Frequency and Test Procedure
The control attributes recorded in the RCM: manual or automated, preventive or detective, criticality, assertions, frequency and the audit procedure to test each control, with tips on writing clear risk and control descriptions.
8 min video · Module: Module 5: Planning and Executing an Internal Audit · ₹99 / $0.99 · 2 views within 7 days
Included with this video A 3-question quiz, unlocked after you watch the video Put it into practice Accounting and Finance Operations: Risk and Control Matrix (Excel) (Risk Control Matrix, XLSX)Administrative Expenses and Office Services: Risk and Control Matrix (Excel) (Risk Control Matrix, XLSX)Capital Projects and Capital Expenditure: Risk and Control Matrix (Excel) (Risk Control Matrix, XLSX)Cash and Treasury: Risk and Control Matrix (Excel) (Risk Control Matrix, XLSX)Contract Labour Management: Risk and Control Matrix (Excel) (Risk Control Matrix, XLSX)Customer Service, Installation and Warranty: Risk and Control Matrix (Excel) (Risk Control Matrix, XLSX)Depot and Distribution Warehouse Operations: Risk and Control Matrix (Excel) (Risk Control Matrix, XLSX)Distribution Planning and Freight Management: Risk and Control Matrix (Excel) (Risk Control Matrix, XLSX)Employee Benefits and Retiree Administration: Risk and Control Matrix (Excel) (Risk Control Matrix, XLSX)Enterprise Management and External Relations: Risk and Control Matrix (Excel) (Risk Control Matrix, XLSX)Enterprise Risk Management (ERM) Process: Risk and Control Matrix (Excel) (Risk Control Matrix, XLSX)Export and Import (EXIM) Compliance: Risk and Control Matrix (Excel) (Risk Control Matrix, XLSX)Financial Accounting, Reporting and Treasury: Risk and Control Matrix (Excel) (Risk Control Matrix, XLSX)Fixed Assets, Analysis and Reconciliation: Risk and Control Matrix (Excel) (Risk Control Matrix, XLSX)Human Resource Management: Risk and Control Matrix (Excel) (Risk Control Matrix, XLSX)Human Resource Operations: Risk and Control Matrix (Excel) (Risk Control Matrix, XLSX)Inbound Logistics (Receiving and Stores): Risk and Control Matrix (Excel) (Risk Control Matrix, XLSX)Insurable Risk and Legal Affairs: Risk and Control Matrix (Excel) (Risk Control Matrix, XLSX)Inventory Management: Risk and Control Matrix (Excel) (Risk Control Matrix, XLSX)Managing Information Technology: Risk and Control Matrix (Excel) (Risk Control Matrix, XLSX)Manufacturing Operations: Risk and Control Matrix (Excel) (Risk Control Matrix, XLSX)Manufacturing Plant Operations: Risk and Control Matrix (Excel) (Risk Control Matrix, XLSX)Marketing and Sales: Risk and Control Matrix (Excel) (Risk Control Matrix, XLSX)Outbound Logistics (Orders to Dispatch): Risk and Control Matrix (Excel) (Risk Control Matrix, XLSX)Payables and Receivables: Risk and Control Matrix (Excel) (Risk Control Matrix, XLSX)Payroll Processing: Risk and Control Matrix (Excel) (Risk Control Matrix, XLSX)Planning, Budgeting and Administrative Services: Risk and Control Matrix (Excel) (Risk Control Matrix, XLSX)Plant Maintenance: Risk and Control Matrix (Excel) (Risk Control Matrix, XLSX)Procurement: Risk and Control Matrix (Excel) (Risk Control Matrix, XLSX)Product Costing and Inventory Valuation: Risk and Control Matrix (Excel) (Risk Control Matrix, XLSX)Regional Office Administration and Accounts: Risk and Control Matrix (Excel) (Risk Control Matrix, XLSX)Research and Development Laboratory Operations: Risk and Control Matrix (Excel) (Risk Control Matrix, XLSX)Sales (Inquiry to Cash): Risk and Control Matrix (Excel) (Risk Control Matrix, XLSX)Tax Compliance and Financial Reporting: Risk and Control Matrix (Excel) (Risk Control Matrix, XLSX)Technology and Product Development: Risk and Control Matrix (Excel) (Risk Control Matrix, XLSX)Trade Schemes and Dealer Promotions: Risk and Control Matrix (Excel) (Risk Control Matrix, XLSX)Previous: How to Prepare a Risk and Control Matrix (RCM): An Accounts Payable Example Exercise: Build an RCM for Cash Transactions
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