Concept card Internal Audit, Risk, Control & Compliance

Control Design vs Operating Effectiveness

A control can be well designed but poorly operated.

Difficulty: Advanced Learning path: COSO and Internal Control Frameworks

Explanation

control design দেখে control risk prevent/detect করতে পারবে কিনা; operating effectiveness দেখে বাস্তবে কাজ করেছে কিনা। সহজভাবে চিন্তা করলে, policy থাকা আর policy follow হওয়া এক বিষয় নয়। বাংলাদেশি বাস্তবতায়: A purchase approval policy exists, but invoices show managers often approved after payment had already been made. পরীক্ষায় এই concept এলে শুধু definition লিখলেই হবে না; scenario-তে কোন facts এই concept trigger করছে, সেটি clearly identify করতে হবে। Takeaway (মূল কথা): operating effectiveness চিনতে পারলে প্রশ্নের মূল trap সহজে ধরা যায়।

Example

A purchase approval policy exists, but invoices show managers often approved after payment had already been made.

Control Design vs Operating Effectiveness

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