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Article IIA-Bel, April 2013, Yves Dupont & Pierre Leclercq
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INTERNAL CONTROL is a process, effected by an entity's board of directors, management and other personnel, designed to provide reasonable assurance regarding the achievement of objectives
(source: COSO - Internal Control - Integrated framework)
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CORPORATE GOVERNANCE is about how decisions are taken in the organisation and about how its ACTIVITIES are GOVERNED
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Controlling uncertainties is inherent to every management activity
In a successful organisation, every manager develops an adequate INTERNAL CONTROL of his/her process and contribute to a sound GOVERNANCE of the organisation's ACTIVITIES.
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In many languages, such as in French and Dutch, the word "control" has different meanings. ICIB develops and promotes the internal control practice as a management's responsability, complemetary to other leading practices such as "management control" and "quality management".
Internal control interacts with "enterprise risk management" and constitutes a key contribution from management to the assurance objectives of "inspectors", "certificators", "internal audit" and "external audit".
Succes of an organisation relies on the quality of management and on the extend opertations and their uncertainties are under control.
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INTERNAL AUDIT is an independant activity destined at evaluating management's INTERNAL CONTROL system
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ENTERPRISE RISK MANAGEMENT concentrates on all business risks and offers a key input for the prioritisation of most process oriented INTERNAL CONTROL initiatives.
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ICIB represents the ICI (Internal Control Institute) in Europe
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Ga verder in het Nederlands |
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ICIB vzw/asbl - info@icib.org
Treurwilgenlaan 10
3090 Overijse
0032 2 305 35 25
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