See how improving internal controls will benefit your organization
Fees: No charge.
Overview
Government finance departments around the world understand that their organizations are exposed to untold risks that threaten to prevent them from achieving their stated objectives. Matters have become even more challenging over the past two decades:
- With the pace of technological change in today's economy, the nature and sheer quantity of risks is ever-evolving and growing.
- Governments continually find themselves subject to increasing budgetary pressure.
These dynamics put incredible pressure on finance departments. That pressure demonstrates how the standard "retrospective sampling" approach to mitigating risk, while time-tested, has significant weaknesses.
This presentation will both examine the ever-evolving risk profile that governments experience and demonstrate the significant benefits (e.g., timeliness, accuracy, and cost effectiveness) of automating monitoring and enforcement of internal controls (continuous monitoring).
Topics to be covered include:
- Why internal controls are increasing in importance within the public sector
- Introduction to continuous monitoring and the myriad of benefits it provides governments
- Comparing & contrasting continuous monitoring with the traditional model
- Questions from attendees!
