Ineffective Controls - Case Study from a Large Bank
Field: Auditing | Delivery Method: Self Study | CPE Hours: 0.5
As auditors we audit the effectiveness of controls and make recommendations for improving controls. If we are not careful, what we may actually do is recommend ineffective controls or try to over control our organizations, effectively strangling the organization and making it more difficult to achieve objectives. Here's a case study showing some ineffective and over control from one of the largest banks in the world that should know better. Makes me want to scream "give me a break."
Your Instructor
Jason Mefford is a rock star in internal audit, risk management and compliance. He typically works with Chief Audit Executives (CAE), Audit Committee (AC) members, and professionals in audit, risk and compliance with the technical and soft-skills needed to navigate the land mines of organizations. He takes complicated, confusing and hard things, makes them practical, proactive and simple to improve learning and transformation.
He's been a Chief Audit Executive, Chief Risk Officer, Chief Ethics and Compliance Officer, Chief Information Security Officer, Board Member, and has trained and consulted organizations all over the world. He is a thought leader in all things governance, risk and compliance (GRC) and internal audit, and is the recipient of multiple awards including:
- Rising Star in Corporate Governance from Yale University
- Rising Star in Corporate Governance Award (Finalist) from Corporate Secretary Magazine
- Thought Leader of the Year (Finalist) from The National Association of Experts, Writers & Speakers
- Fellow from the Open Compliance & Ethics Group (OCEG) Think Tank
You can learn more about him at: https://www.jasonmefford.com and join him in the Audit Leader Forum™ at: https://bit.ly/AuditLeader