Here you can find out what control testing is and how you can use it in Impero to prove the effectiveness of your controls.
Video guide
What is Control Testing?
Control testing, sometimes referred to as control effectiveness testing, involves regularly reviewing your controls to ensure they are designed correctly and are effectively reducing or managing risks as expected. Control testing supports regulatory compliance, fraud prevention, and the confidence you need for evaluations. It is a regulatory requirement for some organizations, yet in any case it is good practice in risk and control management.
To assess whether your control is effective, you need to consider both the design and implementation of the control. You may choose to test some controls more often than others, or to prioritize testing based on factors such as internal audit findings or regulations.
Control Testing with Impero
The Control Testing Module is designed to help you streamline the assessment, documentation, and sampling of your internal controls, ensuring they are both effective and audit ready. The tool gives you an easy option to spot those controls that are currently not effective, so you can modify them for the better.
Everything in one place
Streamline the control testing process and reduce time spent on planning, sampling, and documentation. Everything can be done within the module from the Impero environment, so you can eliminate scattered information stored in Excel and emails, consolidating everything in one centralized location.
Easy to manage and overview
You can quickly set up a control testing program tailored to your organization’s specific needs, complete with custom tasks and timelines. The testing programs work as containers to group together control tests, which makes it very easy to manage and overview all of your control tests.
Afterwards, you can set up and customize control tests flexibly, so they fit your specific needs. Create new tests and assign relevant controls to be assessed, aligning with internal priorities or regulatory demands.
If you are interested in getting the Control testing module in your Impero environment, please reach out to your Customer Success Manager or write to support@impero.com, so they can help with the details and setup.
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