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Organizations use a
number of internal controls to address their
business operation’s risk and comply with
various regulations. However, set-up and
maintenance of these controls add extra
cost. Often a risk control framework is
implemented where one risk may be addressed
by multiple redundant controls. In order to
optimize the cost of compliance, an
organization needs to eliminate or reduce
redundant controls. Selecting the best
applicable control requires a detailed
process of control optimization.
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