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The Control Self-Assessment Process: Proactive Versus Reactive Risk Management

Properly implemented, the CSA process is an extremely effective risk management tool that can help auditors, examiners and the credit union with the compliance burden.

By Tom Hinkel | Updated on June 12, 2012

The compliance burden on critical IT staff can be crippling. Tracking the moving target of regulatory requirements is a full-time job for some, and seems to be a game of catch up rather than the proactive approach preferred by auditors and examiners.

There is a process that can facilitate early identification of emerging or changing risks in order to more effectively manage compliance requirements; the control self-assessment process. Properly implemented, the CSA process is an extremely effective risk management tool.

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