Concepts associated with P$1-$ Controls $3$

What are some examples of action and control categories as described in the IACM?$*$

Outsourcing, downsizing, and automation as the primary means of control

Policy, process change, punishment, incentives and employee education.

Random selection, trial and error, and reliance on intuition and experience

Policy, people, process, physical, informational, technological, and financial actions and controls

What is the Integrated Action & Control Model $($IACM$)$ designed to provide? $*$

The IACM is designed to provide a financial model for maximizing profits while addressing risk and compliance considerations

The IACM is designed to provide a method for deciding whether to outsource responsibility for some or all governance, management, and assurance activities.

The IACM is designed to provide a framework for eliminating all risks and achieving perfect compliance

The IACM provides a comprehensive model to consider the full range actions and controls used for the governance, management, and assurance of performance, risk, and compliance

What is the role of assurance actions and controls in the IACM?$*$

They provide additional information beyond management and governance actions and controls to evaluate subject matter

They are focused on identifying and punishing non$-$compliant behavior within the organization

They are limited to financial audits and do not address other aspects of performance, risk, and compliance

They are used to evaluate the management and governance controls with regard to achieving financial objectives