Which of the following statement INCORRECTLY describes the Control self-assessment (CSA) approach?
A. CSA is policy or rule driven
B. CSA Empowered/accountable employees
C. CSA focuses on continuous improvement/learning curve
D. In CSA, Staffs at all level, in all functions, are the primary control analyst.
Answer: A
Explanation:
The word INCORRECTLY is the keyword used in the question. You need to find out an option which incorrectly describes Control Self-assessment.
For your exam you should know the information below about control self-assessment:
Control self-assessment is an assessment of controls made by the staff and management of the unit or units involved. It is a management technique that assures stakeholders, customers and other parties that the internal controls of the organization are reliable.
Benefits of CSA
Early detection of risk
More efficient and improved internal controls
Creation of cohesive teams through employee involvement
Developing a sense of ownership of the controls in the employees and process owners, and reducing their resistance to control improvement initiatives
Increased employee awareness of organizational objectives, and knowledge of risk and internal controls
Highly motivated employees
Improved audit training process
Reduction in control cost
Assurance provided to stakeholders and customers
Traditional and CSA attributes
Traditional Historical CSA
Assign duties/supervises staff Empowered/accountable employees
Policy/rule driven Continuous improvement/learning curve
Limited employee participation Extensive employee participation and training
Narrow stakeholders focus Broad stakeholders focus
Auditors and other specialist Staff at all level, in all functions, are the primary control analysts
The following answers are incorrect:
The other options specified are correctly describes about CSA.
The following reference(s) were/was used to create this question:
CISA review manual 2014 page number 61, 62 and 63
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