Timeliness is critical to the effectiveness of controls.

Question

Quizplus · Accepted Answer

Timeliness is an important aspect of controls. If controls are not implemented in a timely manner, they may not be effective in preventing or detecting errors, fraud, or other problems. For example, if an organization waits too long to implement a new control to address a specific risk, the control may be too late to prevent a loss or damage. Therefore, it is important to ensure that controls are implemented in a timely manner to enhance their effectiveness.

Timeliness Is Critical to the Effectiveness of Controls