Internal risks and controls: a methodology to measure business risk control levels

Authors

  • Wanderlei de Lima De Paulo USP; Escola Politécnica
  • Francisco Carlos Fernandes Fundação Universidade Regional de Blumenau - SC; Programa de Pós-Graduação em Ciências Contábeis
  • Luciana Gavazzi Barragan Rodrigues Fundação Escola de Comércio Álvaro Penteado - SP
  • Jorge Eidit Fundação Universidade Regional de Blumenau - SC

DOI:

https://doi.org/10.1590/S1519-70772007000100005

Keywords:

Internal Controls, Risk Management, Risk Matrix, Importance-Performance Matrix

Abstract

This paper presents a control measurement methodology applied in the processes performed by any entity. The methodology is derived from the analysis of the mitigation capabilities of the controls currently in use by the entity. The method enables risk managers to identify which risks require urgent actions to improve the control levels, which risks are already adequately controlled and which ones are in a situation of excessive control. This kind of information can play an important role to improve the application of available internal risk and control management resources in companies. The methodology was applied to a case study and revealed to be a satisfactory tool to assess and identify control levels.

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Published

2007-04-01

Issue

Vol. 18 No. 43 (2007)

Section

Articles

License

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How to Cite

De Paulo, W. de L., Fernandes, F. C., Rodrigues, L. G. B., & Eidit, J. (2007). Internal risks and controls: a methodology to measure business risk control levels . Revista Contabilidade & Finanças, 18(43), 49-60. https://doi.org/10.1590/S1519-70772007000100005