Higher the number of controls; the better it is
Placing too much emphasis on the evidence of control being performed.
Using regulatory requirements as a lever for internal marketing and buy-in
Inculcating the right mindset across the organization i.e. “it is not just for compliance”
Creating strong linkages between objectives, risks and controls
Bringing controls automation within the project time frame
Getting rid of redundant tasks by linking activities to the “Objectives” & “Risks”
Development of balanced business processes by giving due consideration to “Operations” objectives in tandem with “Reporting”.
Bringing efficiency in current processes through more preventive and automated controls