Detecting Compliance Failures in Unmanaged Processes

Abstract

The importance and the challenges of detecting compliance failures in unmanaged business processes is discussed, and the process of creating and verifying internal controls as a requirement of enterprise risk management framework is explained. The effect of using automated auditing tools to detect compliance failures against internal control points in unmanaged business processes is investigated. Risk exposure of a business process due to compliance failures is analyzed, and the factors that affect the risk exposure of a business process are evaluated.