Enterprise risk & controls · Core

Control

Also called: internal control

ELI5

A measure designed to prevent, detect or correct risk or error.

Used in conversation

“Add control to the risk register with an owner and mitigation.”

Pitch context

You will see “Control” in board papers, contracts, policies, risk registers and compliance reports when the discussion reaches enterprise risk & controls.

Why it matters: In enterprise risk & controls, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Connected terms

Sources & evidence · 3

Direct term-level sources and supporting source families.