6.05
Risk Assessment
Principle 6 - Define Objectives and Risk Tolerances
Attribute 6.05 -Management considers external requirements and internal expectations when defining objectives to enable the design of internal control. Legislators, regulators, and standard-setting bodies set external requirements by establishing the laws, regulations, and standards with which the entity is required to comply. Management identifies, understands, and incorporates these requirements into the entity's objectives. Management sets internal expectations and requirements through the established standards of conduct, oversight structure, organizational structure, and expectations of competence as part of the control environment.
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Jamie's Story
No examples are available to illustrate governance gaps for this attribute.
Election Anomalies
Governance issues identified from Arizona Attorney General's Office 2020 General Election Investigation of Arizona Senate allegations of Maricopa County - Signature Verification Process issues. The inspector states MC provided training to 33 employees in accordance with the Arizona Secretary of State's recommendations. However, the inspector does not explain how it was acceptable to place 40 temporary employees in the role of Level 1 Signature Verifier without any training. It seems logical to believe that the untrained Level 1 Signature Verifiers would be more susceptible to erroneous decisions than the trained Signature Verifiers. The lack of training would not fulfill the Arizona Secretary of State's guidance.
