Today’s rapid and ever changing business environment requires a culture of dynamic risk management through effective internal controls to ensure an organisations’ objectives are achieved. Organisations should continuously assess their risks and the effectiveness of the controls mitigating these risks.
To achieve this, organisations need to implement Control Self Assessment (CSA) which is defined as an effective approach to identifying and managing areas of risk exposure, as well as highlighting potential opportunities.
CSA provides a framework for helping organisations to manage their risks to achieve their business objectives. In simple terms, CSA involves a structured approach to documenting business objectives, risks and controls and having operational management and staff assess the adequacy of controls.
Implementing CSA successfully, requires people with the necessary experience in these type of projects to ensure the major benefits of CSA are achieved.
We can help you to:
We have a dedicated CSA team in our Internal Audit group which has performed many CSA assignments in Thailand. Our CSA team has access to industry and CSA specialists throughout our global network of PwC offices.