Percentage of primary controls that are automated

This measure calculates the percentage of primary controls that are automated. In the context of internal controls, a primary control is a control that is part of regular oversight and management. The set of primary controls form the basis of the organization's internal controls. This measure is part of a set of Process Efficiency measures that help companies optimize their "operate controls and monitor compliance with internal controls policies and procedures" process—which incorporates planning, management, operations, and monitoring of internal control mechanism policies and procedures in order to manage internal controls—by minimizing waste and refining resource consumption.

Benchmark Data

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Measure Category:
Process Efficiency
Measure Id:
102392
Total Sample Size:
461 All Companies
Performers:
25th
Median
75th
Key Performance
Indicator:
Yes

Compute this Measure

Units for this measure are percent.

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(Number of automated primary controls / Number of identified primary controls) * 100.0

Key Terms

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Process efficiency

Process efficiency represents how well a process converts its inputs into outputs. A process that converts 100% of the inputs into outputs without waste is more efficient than one that converts a similar amount of inputs into fewer outputs.

Median

The metric value which represents the 50th percentile of a peer group. This could also be communicated as the metric value where half of the peer group sample shows lower performance than the expressed metric value or half of the peer group sample shows higher performance than the expressed metric value.

Measure Scope

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Cross Industry (7.2.1)

  • 9.8.2.1 - Design and implement control activities (10917) - Defining and executing policies, procedures, techniques, and mechanisms and actions taken to minimize risk.
  • 9.8.2.2 - Monitor control effectiveness (10918) - Overseeing the activities for internal controls. Observe the effectiveness of policies, procedures, techniques, and mechanisms actions taken to minimize risk.
  • 9.8.2.3 - Remediate control deficiencies (10919) - Taking corrective measures for policies, procedures, techniques, and mechanisms actions taken to minimize risk. (Conduct in accordance with Monitor control effectiveness [10918] in order to determine and rectify the control deficiencies.)
  • 9.8.2.4 - Create compliance function (10920) - Developing a compliance function for internal controls. Monitor trading activity. Avoid conflicts of interest. Safeguard compliance with guidelines at brokerage houses. Avoid money laundering and potential tax evasion.
  • 9.8.2.5 - Operate compliance function (10921) - Administering operational activities of a compliance function.
  • 9.8.2.6 - Implement and maintain controls-related enabling technologies and tools (10922) - Implementing and maintaining the compliance technological systems or equipment that are control-enabled.