The responsibility of senior leadership
Taught by Peter Woolley · AI tutor support included
You'll learn how responsibility for internal controls flows through an organisation, from the board down to individual staff members.
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In this lesson
- 0:00 Board responsibility for internal controls
- 0:36 Creating healthy control culture
- 1:17 Risk management and operational roles
- 2:04 Audit's review and reporting function
- 2:33 Line managers and staff responsibilities
About this lesson
This video explains why the board holds ultimate accountability for risk management and internal controls, and how this responsibility cascades through various roles including risk committees, senior management, audit functions, line managers, and employees. Understanding this hierarchy is essential for AA (Audit and Assurance) papers, where you need to demonstrate knowledge of governance structures and control frameworks. You'll discover how the board shapes organisational culture around controls, how different teams contribute to their design and operation, and why clear role definition prevents gaps in your control environment.
Duration: 3m
Transcript
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