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Characteristics of effective control systems

Characteristics of effective control systems

Answers

Faith
- A focus on critical points. For example, controls are applied where failure cannot be
tolerated or where costs cannot exceed a certain amount. The critical points include all
the areas of an organization’s operations that directly affect the success of its key
operations.
- Integration into established processes. Controls must function harmoniously within
these processes and should not bottleneck operations.
- Acceptance by employees. Employee involvement in the design of controls can
increase acceptance.
- Availability of information when needed. Deadlines, time needed to complete the
project, costs associated with the project, and priority needs are apparent in these
criteria. Costs are frequently attributed to time shortcomings or failures.
- Economic feasibility. Effective control systems answer questions such as, “How
much does it cost?” “What will it save?” or “What are the returns on the investment?”
In short, comparison of the costs to the benefits ensures that the benefits of controls
outweigh the costs.
- Accuracy. Effective control systems provide factual information that’s useful,
reliable, valid, and consistent.
- Comprehensibility. Controls must be simple and easy to understand.
Titany answered the question on September 20, 2021 at 13:30

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