As a board member you have personal liabilities associated with its financial operations. And audit committee members typically have the greatest level of exposure. Those liabilities can impact your personal reputation and may have financial implications as well. Board members’ responsibilities include understanding the enterprise’s inherent risks and management’s implemented controls to mitigate those risks.
Statistics are clear that continuous controls monitoring is the best approach to prevent and reduce the impact of fraud, waste, and abuse in financial operations. CTRLmatters offers a solution at 1/10th the costs of DIY approaches and is proven with over $1 billion in realized savings. And the use of an objective third party not only improves the enterprise’s level of protection; it also improves your peace of mind. Ask your management team to explore CTRLmatters.