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20.25 - Control Activities

source : ofm.wa.gov

20.25 – Control Activities

Control activities, no matter how well designed and executed, can provide only reasonable assurance regarding achievement of objectives. The likelihood of achievement is affected by limitations inherent in all control systems. These limitations include the following:

Judgment – The effectiveness of controls will be limited by the fact that decisions must be made with human judgment in the time available, based on information at hand and under the pressures to conduct business.

Breakdowns – Even if control activities are well designed, they can break down. Personnel may misunderstand instructions or simply make mistakes. Errors may also stem from new technology and the complexity of computerized information systems.

Management override – Even in an effectively controlled agency, high-level personnel may be able to override prescribed policies or procedures for personal gain or advantage. This should not be confused with management intervention, which represents management actions to depart from prescribed policies or procedures for legitimate purposes.

Collusion – Collusion between two or more individuals can result in control failures. Individuals acting collectively often can alter financial data or other management information in a manner that cannot be identified by the control system.

Costs versus benefit – In determining whether a particular control activity should be established, the cost of establishing the control must be considered along with the risk of failure and the potential impact. Excessive control is costly and counterproductive. Too little control presents undue risk. Agencies should make a conscious effort to strike an appropriate balance.

Resource limitations – Every agency must prioritize control activities because resources are not available to put every control activity into practice. 

You Should Do All Of The Following Activities During The Connect...

You Should Do All Of The Following Activities During The Connect… – Before you enrolled in the examination, you should know all the necessary things which you will face during the exam. A total of 60 questions will be asked during this exam, and to complete this assessment, you will be having only 3 hours and it…Identify this technological development from the following options, which impacts testing approach? a. System Chains b program should be _. a. to prevent defects b. All of the listed options c. to improve the process d. to identify…Heights of men on a baseball team have a bell-shaped distribution with a mean of 177 cm and a standard deviation of 6 cm. using the empirical rule, what is the approximate percentage of the men between the following values? a. 159 cm…

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Software testing objective_types

Controls should be incorporated during which of the following… – Activity. Face-to-face approach. To make it blended… Learners work in groups on projects. Learners meet in a classroom to This model is in direct opposition to brick-and-mortar studying, as it completely relies on digital delivery of the training.During the third phase, that of the implementation, the project plan is put into Each product result should be analyzed and accepted. Once the results of the When a project manager follows Project Life Cycle taking into account all the…In order to be able to build very deep networks, we usually only use pooling layers to downsize the height/width of the activation volumes while convolutions are used with "valid" padding.

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