Internal Controls and Audit is the capability to establish, oversee and verify internal protocols and procedures. It ensures compliance with laws, regulations, and ethical standards. This process includes identifying risks, examining efficiencies, and providing assurance to the governance body that measures are in place to mitigate such risks.

Level 1: Emerging

At an emerging level, you are starting to comprehend the basics of internal controls and auditing within a governance framework. You understand rudimentary audit processes and are developing your skills.

Level 2: Proficient

At a proficient level you are adept at designing and implementing internal controls to ensure compliance with regulations and internal policies. You also possess the ability to lead and coordinate audits effectively.

Level 3: Advanced

At an advanced level you are able to design and implement robust internal controls to safeguard organizational assets and ensure compliance with regulatory requirements. You also lead and execute audits effectively.