Controls Performance Verification by John Whalen

Controls Performance Verification by John WhalenControls Performance Verification by John Whalen

Controls Performance VerificationJohn Whalen

Standardizing your process for Controls Performance Verification is an important

step in maturing your risk management processes and staying in compliance. This

step alone is not enough for entities that need to address hundreds or thousands

of controls on an ongoing basis. When the process depends too heavily on siloed

operations with manual methodologies, even if standardized, we find that gaps and

duplication of efforts both exist. Records are diffi cult to consolidate and deadlines

are missed. Inefficiencies abound which strain budgets and reduce visibility.

What's included

Control Deviation Ranking Tool

This playsheet offers an outline of a process/decision tree for risk ranking identified deviations and determining priorities, and includes an accompanying form with input fields, as well as guidance on setting action triggers based on historical data review.

Operational Performance Review Summary

Track each control’s Name, Ownership, Related Questionnaires, Frequency of Operation, Established Thresholds, Review Escalation Triggers, and other key information relevant to the operational performance review.

Controls Operation Verification Overview

Maintain a high level view of verifi cation activities and fi ndings for all reviewed controls

Controls Maturity Assessment Tool

Scoring mechanism for assessing the maturity in management of each control and identifying gaps in how each is managed for effective operation.

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