Board and Management Senior Oversight |
Evaluates the adequacy and effectiveness of board and senior management's understanding and management of risk inherent in the organization's activities, as well as general capabilities of management. |
Policies, Procedures and Limits |
Evaluates the adequacy of policies, procedures and limits given risks inherent in the organization and its goals and objectives. |
Risk Monitoring and Management Information Systems |
Assesses the adequacy of risk measurement and monitoring and the adequacy of management reports and information systems. |
Internal Controls |
Evaluates the adequacy of internal controls and audit procedures, accuracy of financial reporting and disclosure, and the independence of control areas from business lines. |