Leading Practices for Internal Controls: Part 2

Internal controls are important mechanisms put in place by organizations to help safeguard assets, ensure reliable and accurate financial reporting, prevent against fraud, and assure compliance with internal corporate policies and external laws and regulations. In collaboration with subject matter expert Chris Doxey (author, risk management expert, and President of Doxey, Inc.), APQC carried out the “New Developments in Internal Controls” study to understand best practices for internal controls and how emerging technologies are enhancing the efficiency and effectiveness of internal controls processes and monitoring.

This article is Part 2 of a two-part series based on a July 2021 interview with APQC, where Doxey shared insights and expertise related to:

• policy, training, and visibility for internal controls;
• leading practices and automation; and
• metrics and KPIs related to internal controls.

Click here to read Part 1 of the interview, discussing Doxey’s insights related to leading internal controls programs and processes.