Enterprises thereby can assemble the appropriate detective, corrective and preventive controls required to provide a 360 degree control over identity and access.
Factory management turned a deaf ear to complaints about these conflicts and took no corrective measures, resulting in a work stoppage by quality control inspectors.
When assessing the effectiveness of internal control over financial reporting and compliance with financial-related laws and regulations, management must follow the assessment process contained in Appendix A. Annually, management must provide assurances on internal control in its Performance and Accountability Report, including a separate assurance on internal control over financial reporting, along with a report on identified material weaknesses and corrective actions.