CONTROL ACTIVITIES Clause Samples

CONTROL ACTIVITIES. Control activities ensure the mitigation of risks related to the achievement of policy, operational and internal control objectives. They are performed at all levels of the organisation, at various stages of business processes, and across the technology environment. They may be preventive or detective and encompass a range of manual and automated activities as well as segregation of duties.
View SourceView Similar (2)
CONTROL ACTIVITIES. Sound internal control requires the following procedures or those offering equivalent guarantees:
View SourceView Similar (2)
CONTROL ACTIVITIES. COSO Principle 10: The entity selects and develops control activities that contribute to the mitigation of risks to the achievement of objectives to acceptable levels.
View Source
CONTROL ACTIVITIES. Control policies and procedures must be established and executed to help ensure that the actions identified by management as necessary to address risks to achievement of the entity’s control objectives are effectively carried out. Schedule “F” – Third Party Terms
View Source
CONTROL ACTIVITIES. Sound internal control requires the following procedures or those offering equivalent guarantees: A. Common written procedures (a) Double-check of all steps in a transaction (ex-ante and ex-post) and where different tasks in the life of the same transaction are allocated to different staff to ensure some automatic cross-checking controls. (b) Responsibility is supported by active supervision by accountable management of tasks delegated to subordinates (including annual statements of assurance from subordinate actors) - and not merely considered a passive or theoretical concept. (c) Exceptions (inter alia, exceptions to normal procedures approved at appropriate level, unapproved exceptions and control failures whenever identified) are always recorded, logged, reviewed at appropriate levels and reported. (d) Registration of any internal control weakness identified from any source and management responses are recorded and followed-up. (e) Significant risks to continuity (e.g. concerning loss of data, absence of individuals etc) are identified and contingency plans put in place where possible. (f) Every change in the procedures and the programme, and in particular those relating to the financial provisions, is recorded and the manuals, instructions, databases, checklists updated in due time.
View Source

Related to CONTROL ACTIVITIES

  • Commercial Activities Neither Contractor nor its employees shall establish any commercial activity or issue concessions or permits of any kind to Third Parties for establishing commercial activities on the Site or any other lands owned or controlled by Owner.

  • Typical activities (i) School support services grade 3 (ii) Preschool/childcare services grade 3 (iii) School administration services grade 3 (iv) School operational services grade 3

  • Professional Activities The Superintendent is expected to attend appropriate professional meetings at the local and state levels, and, subject to prior Board approval, at the national level. All reasonable expenses incurred shall be paid by the Board.

  • Activities Except with the prior written consent of the Board, Executive will not during his employment with the Company undertake or engage in any other employment, occupation or business enterprise, other than ones in which Executive is a passive investor. Executive may engage in civic and not-for-profit activities so long as such activities do not materially interfere with the performance of his duties hereunder.

  • High Risk Activities 1. The Software is not fault-tolerant and is not designed, manufactured or intended for use or resale as on-line control equipment in hazardous environments requiring fail-safe performance, such as in the operation of nuclear facilities, aircraft navigation or communication systems, air traffic control, direct life support machines, or weapons systems, in which the failure of the Software could lead directly to death, personal injury, or severe physical or environmental damage ("High Risk Activities"). Syncro and its suppliers specifically disclaim any express or implied warranty of fitness for High Risk Activities.