Organizations need to know that their risks are being mitigated effectively so controls assurance allows them to check the adequacy of their risk treatment plans. Regularly assessing the implementation and effectiveness of controls will ensure that business objectives and regulatory obligations are met. Where any weaknesses are identified, these should be addressed in a timely manner with evidence and accountability.
There are clear benefits including improved and on-going demonstration of compliance, increased security and greater confidence for stakeholders (including senior leaders, auditors, regulators and customers).
Drumz plc (LON:DRUM) is an investing company whose policy is to invest principally but not exclusively in the technology sector within Europe. On 4 September 2020, Drumz made an investment in Acuity Risk Management Ltd, which operates an award winning software business specialising in risk management.