4.06

From Corrective Action Plan AZ

Control Environment

Principle 4 - Demonstrate Commitment to Competence

Attribute 4.06 - Management defines succession and contingency plans for key roles to help the entity continue achieving its objectives. Succession plans address the entity's need to replace competent personnel over the long term, whereas contingency plans address the entity's need to respond to sudden personnel changes that could compromise the internal control system.

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