Primero Systems Blog

Internal IT Control Management in Focus - CLARITY Wednesday

Information technology controls (or IT controls) are specific activities performed by persons or systems designed to ensure that business objectives are met. IT control objectives relate to the confidentiality, integrity, and availability of data and the overall management of the IT function of the business enterprise.

3 Internal IT Control Management Facts Worth Considering:

  • In the digital age, data governance and control culture will become more important as more controls become embedded in automated systems.
  • Ultimately, the way organizations design and operate controls can be disrupted with technology. Every layer of internal control is being transformed.
  • Internal controls are typically comprised of control activities such as authorization, documentation, reconciliation, security, and the separation of duties.

Assess the Value of Internal IT Control Management to Your Organization

Companies put internal controls in place to safeguard assets, prevent fraud, verify financial records, monitor organizational performance, and ensure efficient and uninterrupted flow of business.

What value do you place on ensuring policies, procedures and other internal controls exist and are enforced to ensure the achievement of company goals and opportunities?

Determine Your Organization's Related Pain & Frustration

In order to fully assess your level of pain (and frustration!) it’s helpful to know where you want to be. So…what does good look like?

A low pain example of Internal IT Control Management would be: We fully utilize the use of standard operating procedures and policies beyond just regulatory compliance. We continually review and update these procedures and policies and actively enforce adherence to ensure the achievement of company goals.

What is your organization's level of pain as it relates to Internal IT Control Management?

The CLARITY Assessment™

In the CLARITY Assessment™ we focus on 7 key company objectives. Above, we touched on Internal IT Control Management, which is one of 5 categories related to the broader objective of Risk Management:

Customer Relations
Learning & Development
Agile Operations
Risk Management

  • Internal IT Risk Management
  • External IT Risk Management
  • Internal IT Control Management
  • Regulatory Compliance
  • Disaster Preparedness and Recovery

Information Technology
Technological Innovation
Yield (Financial)

Almost every company worldwide is in some stage of their own digital transformation journey. You’re invited to take the CLARITY Assessment™, with the goal of helping to define your own company priorities in your digital transformation journey. Click here to experience it now.

Ⓒ 2022 Primero Systems Inc.