Different controls are required for different threats and situations. The sorts of controls listed below can be utilized in conjunction to reduce the organization's risk:
1. Preventive Controls
Preventive controls aim to prevent or delay an undesirable outcome from occurring. Passwords, approval, policies, and processes are all examples.
2. Detection Controls
Detection controls try to find faults or anomalies that have already happened. Reconciliations, tracking actual spending vs. budget, preceding quarters, and predictions are all examples.
3. Hard Controls
Formal and observable complex controls are in place. Organizational structure, policies, processes, and job segregation are examples.
4. Soft Controls
Soft controls are intangible and informal. Tone at the top, ethical climate, honesty, trust, and competency are just a few examples.
5. Manual Controls
Manual controls are carried out solely by hand or with the assistance of technology, such as when a system-generated report is utilized to test a particular control.
6. Automated Controls
The computer system performs all of the automated controls.
7. Key Controls
The essential controls must function adequately to lower the risk to an acceptable level.
8. Secondary Controls
Secondary controls are those that aid in the smooth operation of the process but are not required.
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