what can affect TOD and TOE of controls?

Question

Accepted Answer

Various factors such as changes in regulations, technology, business processes, and personnel can affect the design and operating effectiveness of controls.

Changes in regulations can impact the design and operating effectiveness of controls by requiring updates to comply with new laws or standards.
Advancements in technology may render existing controls obsolete or ineffective, necessitating enhancements or replacements.
Changes in business processes can affect the relevance and efficiency of controls, requiring adjustments to ensure they remain effective.
Staff turnover or changes in personnel can impact the implementation and monitoring of controls, potentially leading to lapses in effectiveness.

Accepted Answer

Test of Design (ToD)

Test of Effectiveness (ToE)

what can affect TOD and TOE of controls?

Top Genpact Internal Auditor interview questions & answers

Popular interview questions of Internal Auditor

Top HR questions asked in Genpact Internal Auditor