Corrective Control – Control to correct Information System's detected irregularities
Corrective Controls are one of the three basic types of internal control which are basically meant to correct detected irregularities of Information System.
Success of corrective control (any type of internal control) depends mainly upon the following factors:
1. Control Objective definition
2. Control Rule sets
3. Management support
4. Division of labour and segregation of duties
5. Independence
6. Cost of control versus benefit analysis
7. Skill sets and Techniques
All Controls only provide a reasonable assurance that control objectives will be fulfilled. The corrective controls ensure correctness after detection of errors or irregularities but it does not guarantee the detection of all irregularities.
Example(s) of Corrective control-: Backup System or backup Procedure
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