CONTROL

ACTIVITIES
&
MONITORING
CHAPTER 7
7.1 NATURE OF
CONTROL
ACTIVITIES
These are the policies and procedures that reduce risks
that may undermine the achievement of management
objectives. These activities help ensure that
management's identified risk responses are carried out.
They are carried out with respect to management's
strategic, operations, reporting, and compliance
objectives
CONTROL ACTIVITIES
7.1a

SAMPLES:

 Providing adequate training for new employees

 Segregating the duties of handling cash and entering cash
transaction data
 Prenumbering documents to provide a basis for detecting
missing or duplicate documents
 Requiring identification codes and passwords before
access is granted to data files and programs
 Making backup copies of files and storing the copies in a
secure location
7.1b

IDENTIFICATION OF CONTROL ACTIVITIES

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IDENTIFY INTEGRATE WITH IDENTIFY TYPES SET UP POLICIES

OBJECTIVES TASK OF CONTROL
ACTIVITIES

strategic, preventive,
based on
operations, detective, corrective, what should be done
identification and
reporting, manual, and/or
risk assessment
compliance automatic
 UNDERLYING CONCEPTS OF
CONTROL ACTIVITIES
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ISOLATION
Data, programs,
documentation, and
information processing
facilities should be isolated
to protect them from
hazards and access
privileges should be
restricted and monitored.
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REDUNDANCY
Backup copies of programs
and data should be made
for security reasons.
Critical computations
should be repeated as a
check on accuracy.
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COMPARISON
Comparison between data
provide a check on
accuracy and may signal
problems to be investigated.
 UNDERLYING CONCEPTS OF
CONTROL ACTIVITIES
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ASSISTANCE
Control problems often
result from the inability to
handle a job, inadequate
training, and lack of
ongoing guidance.
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OVERSIGHT ACCOUNTABILITY
Supervision of employees, Holding employees
internal audits, and external accountable for their
audits encourage careful actions promotes
work and reduce the compliance with
likelihood that established control
inappropriate activity will activities.
occur.
PLACEMENT
OF
CONTROL ACTIVITIES
The effectiveness of many control activities depends on their existence in both
computer software and human operating procedures

AUTOMATED CONTROLS MANUAL CONTROLS

A current trend with respect to control
placement is a movement away from
controls in human operating
procedures and toward controls
programmed into computer software.
Rely on human actions. For instance, a
human must review and give approval
for certain proposed transactions.
LIMITATION OF
CONTROL ACTIVITIES

Control activities, regardless of how well designed

and operated, cannot provide absolute assurance
that all risks associated with the achievement of
entity objectives will elimated. Control activities
require additional cost to implement and may result
in decrease in operational efficiency.
CATEGORIES OF
CONTROL
ACTIVITIES

Types of control activities

 PREVENTIVE CONTROLS  DETECTIVE CONTROLS  CORRECTIVE CONTROLS

deals with or stop provide feedback remedy control violations

potential problems regarding violations of detected.
through the controls in controls in place.
place.
CLASSIFICATION
SCHEME:

Types of control activities

 PREVENTIVE CONTROLS  DETECTIVE CONTROLS  CORRECTIVE CONTROLS

deals with or stop provide feedback remedy control violations

potential problems regarding violations of detected.
through the controls in controls in place.
place.
Presentation title 11

AREAS OF GROWTH

B2B Supply chain ROI E-commerce

Q1 4.5 2.3 1.7 5.0

Q2 3.2 5.1 4.4 3.0

Q3 2.1 1.7 2.5 2.8

Q4 4.5 2.2 1.7 7.0

Presentation title 12
 13

“ BUSINESS OPPORTUNITIES ARE

LIKE BUSES. THERE'S ALWAYS

”
ANOTHER ONE COMING.
Richard Branson
CHAPTER 7
Annual revenue growth
Presentation title 15

MEET OUR TEAM

TAKUMA HAYASHI MIRJAM NILSSON FLORA BERGGREN​ RAJESH SANTOSHI​

President Chief Executive Officer Chief Operations Officer VP Marketing
 16

MEET OUR EXTENDED TEAM

TAKUMA HAYASHI MIRJAM NILSSON FLORA BERGGREN​ RAJESH SANTOSHI​

President Chief Executive Officer Chief Operations Officer VP Marketing

GRAHAM BARNES ROWAN MURPHY ELIZABETH MOORE ROBIN KLINE

VP Product SEO Strategist Product Designer Content Developer
Presentation title 17

PLAN FOR PRODUCT LAUNCH

PLANNING MARKETING DESIGN STRATEGY LAUNCH

Deploy strategic
Disseminate Foster holistically
Synergize scalable Coordinate e- networks with
standardized superior
e-commerce business applications compelling e-
metrics methodologies
business needs
 18

TIMELINE

SEP 20XX NOV 20XX JAN 20XX MAR 20XX MAY 20XX

Synergize scalable Disseminate standardized Coordinate e- Foster holistically Deploy strategic

e-commerce business applications superior methodologies networks with
metrics compelling e-
business needs
 19

AREAS OF FOCUS
B2B MARKET SCENARIOS CLOUD-BASED OPPORTUNITIES

• Develop winning strategies to keep ahead • Iterative approaches to corporate strategy

of the competition • Establish a management framework from
• Capitalize on low-hanging fruit to identify the inside
a ballpark value
• Visualize customer directed convergence
Presentation title
HOW WE GET THERE
ROI
• Envision multimedia-based
expertise and cross-media
growth strategies
• Visualize quality intellectual
capital
• Engage worldwide
methodologies with web-
enabled technologies
NICHE MARKETS
• Pursue scalable customer
service through sustainable
strategies
• Engage top-line web
services with cutting-edge
deliverables
20
SUPPLY CHAINS
• Cultivate one-to-one
customer service with robust
ideas
• Maximize timely
deliverables for real-time
schemas
Presentation title 21

SUMMARY
At Contoso, we believe in giving 110%. By using our next-generation
data architecture, we help organizations virtually manage agile workflows.
We thrive because of our market knowledge and great team behind our
product. As our CEO says, "Efficiencies will come from proactively
transforming how we do business."
THANK YOU
Mirjam Nilsson​
mirjam@contoso.com
www.contoso.com