Wording of Risks, Controls, Control Activities... 893

  • Hi everyone,
    I am in the process of accompaigning a SOX-Implemention project. I am facing the question at which level of process depth a control shall be defined (ie how many control activities a control can entail) or whether every control activity is a ‘control’ itself.
    Parallely we are discussing on which hierarchial lvl of processes a risk or a control objective should be worded. What are your experiences?
    Cheers in advance.

  • In my firm, each control activity is a control on its own
    We have different processes identified through finding what’s in scope or not
    These processes we have different risks (or control objectives if you’d like)
    These risks are mitigated by different controls (-activities)

  • We do it the same - one control is one activity only.

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