A tool designed to assist you in evaluating the potential effectiveness of controls in a business process by matching control goals with relevant control plans is:
A) ERM
B) control plans
C) control matrix
D) internal controls

Question

Quizplus · Accepted Answer

A control matrix is a tool that lists control goals on one axis and corresponding control plans on another axis. It helps to evaluate the effectiveness of controls by matching the control goals with the relevant control plans. ERM (Enterprise Risk Management) is a broader framework for managing risks and opportunities across an organization, while control plans and internal controls are specific strategies and tactics used to mitigate risks and ensure compliance with policies and regulations.

A Tool Designed to Assist You in Evaluating the Potential