Current Attempt in Progress

Inspire Accounting Services operates a regional tax and accounting services for small businesses. Inspire has some processes and

controls defined, but documentation is lacking, so Inspire relies on some key individuals to perform these processes and controls.

Based on your review, at which phase of maturity would you classify Inspire?

Phase $4$

Phase $3$

Phase $2$

Informal

Phase $1$

Limited

Informal process

Ad hoc controls

Localized efforts

Reactive management

Reliance on key

individuals

Optimized

Enterprise$-$wide risk

management

Enterprise$-$wide control

environment

Top$-$down, proactive

approach

Clearly defined processes

Clearly defined controls

Formal documentation

Clear communication

throughout organization

More automated controls

than manual controls

Internal audit provides

strategic value

Phase $2-$ Informal

Phase $4-$ Optimized

Phase $3-$ Defined

Phase $1-$ Limited