4.04: Difference between revisions

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Latest revision as of 18:42, 15 August 2026

Control Environment

Principle 4 - Demonstrate Commitment to Competence

Attribute 4.04 - Personnel need to possess and maintain a level of competence that allows them to accomplish their assigned responsibilities, as well as understand the importance of effective internal control. Holding personnel accountable to established policies by evaluating their competence is integral to attracting, developing, and retaining individuals. Management evaluates competence of personnel across the entity in relation to established policies. Management acts as necessary to address any deviations from the established policies. The oversight body evaluates the competence of management as well as the competence overall of entity personnel.

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