Imagine riding a horse without reins, this is exactly what it is like to outsource both a service and reporting. You lose control and are exposed, potentially non-compliant.
A recent white paper discusses the above in context of a framework called COSO.
The paper was highlighted on the front cover of last month’s CIMA/CGMA online magazine
The transparency gained by self service reporting over outsourced processes can avoid a lot of difficulty (risk) when the tough questions are asked.
Smarter.BI …powered by Qlik dashboard applications with visualisation in QlikView or Qlik Sense can support you in addressing this area of risk.