Control Weakness: A deficiency in internal controls, which are processes and procedures intended to prevent or detect problems. It indicates a point where an organization’s controls are not strong or comprehensive enough to prevent or detect errors, fraud, or non-compliance with policies or regulations. Control weaknesses increase the risk of undesirable outcomes and can lead to financial loss, reputational damage, or regulatory action. Identifying and addressing control weaknesses is a critical part of risk management and corporate governance.
Categories: CC D1: Security Principles | CCSP D6: Legal - Risk and Compliance | CISM D1: Information Security governance | CISSP D1: Security and Risk Management | Security+ D5: Security Program Management and Oversight | SSCP D3: Risk Identification Monitoring and Analysis
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