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This indication provides managers with the knowledge they need to take decision
s and corrective actions where necessary in their organization, and this transla
tes to management control.
Objective Controls is a management control system (MCS) that can be accessed by
any browser. It gives managers:
More corporate control
An evaluation of operational performance
A way to keep their organization on track towards its objectives
Effective management of risks and internal controls
Strategic information based on internal control monitoring
Proof of executive accountability
How Objective Controls Operates as a Management Control System
Objective Controls provides performance and risk information through the specifi
cation of strategic objectives, their associated risks and detailed internal con
trol definitions and in doing so, gives managers a powerful tool for controlling
their organization.
It does this by integrating the following components: