16.10

Monitoring

Principle 16 - Perform Monitoring Activities

Attribute 16.10 - Management identifies changes in the internal control system that either have occurred or are needed because of changes in the entity and its environment. External parties can also help management identify issues in the internal control system. For example, complaints from the public, regulator comments, and findings from investigations may indicate areas in the internal control system that need improvement. Other external parties that interact with the entity, including relevant suppliers, contractors, and service organizations, may collaborate with management to identify and respond to issues in the entity's business processes and related internal controls. Management considers whether current controls address the identified issues and modifies controls if necessary.

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