Risk comes in all colors.

Risk is inherent to achieving objectives.

How do you make sure you are only taking necessary risks? A control environment tuned to your risk appetite is essential to managing any organisation. 

Maintaining an efficient control environment is strategically important. The trick is to understand effectiveness and efficiency go hand in hand in the long run. It is all about making deliberate choices on how and where to apply resources.

Building and effective and efficient control environment consists of the following activities:

- identifying strategic objectives
- translating strategy to policies and processes
- assessing your risk appetite
- performing an inherent risk assessment (risk assessment)
- listing internal controls (controls)
- selecting key controls (control assessment)
- finetuning the risk control framework (RCF)
- assessing the effectiveness and efficiency of the control framework
- updating risk management documentation

Are you able to efficiently demonstrate and maintain effective control?