This section of our knowledge base covers everything you need to know about controls and how controls are managed in StartRisk.
What are Controls?
Controls are measures or actions that you put in place to manage and mitigate risks. They are like the safety features in your car, such as seatbelts and airbags, designed to protect you in case something goes wrong. In a business context, controls can include policies, procedures, physical safeguards, and technologies that help reduce the likelihood of risks occurring or lessen their impact if they do.
Why are Controls important?
Controls are crucial because they protect your business from the risks you’ve identified. By implementing effective controls, you can reduce the likelihood of a risk occurring or lessen its impact if it does happen. This means more stability and fewer disruptions, allowing you to focus on growing your business with confidence.
The following pages cover key control related concepts:
Assessing Control Effectiveness
The following pages cover off how to use StartRisk tools and features: