Management should re-evaluate these controls periodically


Question - An institution should adopt adequate controls based on the degree of exposure and the potential risk of loss arising from the use of technology. Controls should include clear and measurable performance goals, the allocation of specific responsibilities for key project implementation, and independent mechanisms that will both measure risks and minimize excessive risk-taking. Management should re-evaluate these controls periodically. How often should these be reviewed?

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Accounting Basics: Management should re-evaluate these controls periodically
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