Internal Controls: Your First Line of Defense

This podcast episode, "Internal Controls: Your First Line of Defence," guides compliance officers on establishing and strengthening internal controls. It defines internal controls, illustrating preventive, detective, and corrective types with examples. The episode details steps to improve controls, including risk identification, design, testing, automation, and staff training, while highlighting common pitfalls. Practical advice, such as conducting a "Control Health Check," and real-world examples are provided to aid listeners in applying these concepts. Finally, the episode encourages listeners to evaluate their organisation's existing controls and take proactive steps for improvement.

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