Controls

Controls are a key component of any successful business. They are the processes and procedures that are put in place to ensure that operations are running smoothly and efficiently. Controls are designed to minimize risk, protect assets, and maximize profits. They are also used to ensure compliance with laws and regulations. Controls can be divided into two categories: preventive and detective. Preventive controls are those that are put in place to prevent problems from occurring in the first place. Examples of preventive controls include policies and procedures, training, and monitoring. Detective controls are those that are used to detect and investigate problems after they have occurred. Examples of detective controls include audits, reviews, and investigations. In order to be effective, controls must be regularly monitored and updated to ensure that they are up to date and relevant. Controls are an essential part of any successful business and should be implemented and maintained in order to ensure the safety and security of the business.