CONTROL RISK SELF ASSESSMENT
(CRSA)



Control Risk Self Assessment (CRSA), is it for you? More than likely, but you decide.

¨ It depends to some extent upon your corporate culture/environment.
¨ If your organization can and does accept some business risk, then it can work for you. If you are risk averse, then it may not be a good choice.
¨ If your organization is people oriented then it can work.
¨ If a participative approach is taken to solving problems, etc. in your organization, then CRSA is a good possibility.
¨ If your organization is detail driven then it may not be the best approach for you to use.
¨ It probably will not work in an organization using a hierarchical approach to doing business.

CRSA, what is it?

¨ CRSA is a management tool!

What is CRSA all about?

¨ Business processes being evaluated by the "experts" - management and staff associated with the business process.
¨ Evaluating the effectiveness of business processes.
¨ Providing reasonable assurances that goals and objectives will be accomplished.
¨ Streamlining and improving processes.
¨ Achieving desired objectives.
¨ Minimizing risk exposures.
¨ Improving controls.
¨ Focusing on results.
¨ Identifying unethical activities.
¨ Etc.

How are the goals of CRSA accomplished?

¨ Assessing quality of controls.
¨ Identifying key business risks.
¨ Focusing on key objectives and related risks and controls.
¨ Using the knowledge of the "experts" to identify risks and control deficiencies.
¨ Determining the status of controls and risks.
¨ Identifying risks to accomplishing business process goals and objectives.
¨ Evaluating the effectiveness of risk management.
¨ Identifying root causes of problems, risks and control deficiencies.
¨ Evaluate actions in place to identify risks.
¨ Designing effective and cost beneficial solutions.
¨ Assessing effectiveness of controls.
¨ Assessing risks resulting from control deficiencies and management disregard/inattention.
¨ Identifying the real world (possible risks, status of controls, inefficiencies, inappropriate activities, non-compliance, etc.).
¨ Evaluating management's commitment to accomplishing goals and objectives, implementing controls, etc.
¨ Determining how well risk exposures are managed.
¨ Etc.


Contact Us /Home/ About Us/ Services/ Current Issues
Audit Services Tel:615-790-9858 Fax: 209-797-7983 PO Box 681387, Franklin, TN 37068